Comments on: Stocks of Ford, GM and Toyota. The collapse of U.S. car industry? http://www.bloggernews.net/13308 High-quality English language analysis and editorial writing on the news. Wed, 15 Feb 2012 04:35:24 +0000 http://wordpress.org/?v=2.3.3 By: Jimmy http://www.bloggernews.net/13308#comment-405858 Jimmy Mon, 07 Jul 2008 20:53:30 +0000 http://www.bloggernews.net/13308#comment-405858 Skyrocketing oil prices combined with a slowing economy has put the brakes on an automobile industry that was already reeling from supplier bankruptcies, labor unrest, and shifting global preferences. U.S. automobile sales fell to an annualized rate of 13.6 million vehicles, the lowest volume since 1993, with declines of 28 percent at Ford and 16 percent at GM. The rapidly accelerating sales declines at American automobile manufacturers are symptomatic of a product mix that no longer meets the needs or preferences of the American consumer. http://www.beyondthemargin.net/2008/07/future-of-american-automobile.html Skyrocketing oil prices combined with a slowing economy has put the brakes on an automobile industry that was already reeling from supplier bankruptcies, labor unrest, and shifting global preferences. U.S. automobile sales fell to an annualized rate of 13.6 million vehicles, the lowest volume since 1993, with declines of 28 percent at Ford and 16 percent at GM. The rapidly accelerating sales declines at American automobile manufacturers are symptomatic of a product mix that no longer meets the needs or preferences of the American consumer.

http://www.beyondthemargin.net/2008/07/future-of-american-automobile.html

]]>