Who would have thought that one of the biggest and oldest American auto giants have gone bankrupt? To be honest, I didn’t expect that to happen so soon. I thought the US government would somehow bailout GM and prevent the company from filing chapter 11, but it didn’t happen. Even though the government keeps on [...]
Posts Tagged ‘ford’
The Future of the Auto Industry
Posted in General, tagged american, automakers, bailout, bankrupt, chapter 11, chinese, chrysler, debt, Economy, ford, gm, government, japanese, oil, taxpayers on June 4, 2009 | 1 Comment »
US in Recession: It is Now Official!
Posted in General, tagged automakers, bailout, bankrupt, bear market, debts, ford, gm, jobs, oil, recession on December 1, 2008 | Leave a Comment »
Sometimes, the early bird gets the worm. The “news” of US recession is almost a year old. Like everything else, by the time the news reaches the general public, it is already too late. Many people already knew that we are already in recession but others are too naive to believe it and face the [...]
Bailout or Bankruptcy?
Posted in General, tagged automotive, bailout, bankruptcy, competition, Economy, ford, fuel-efficiency, gasoline, gm, government, honda, japanese, jobs, labour, toyota, uaw, unions on November 19, 2008 | 1 Comment »
GM and Ford will not fail. IMO, they are just too big to fail. The automotive industry is huge, and the global economy largely depends on it because a car is a necessity for many people. If GM and Ford fail, it will create a total disaster for the global economy. Millions of jobs will [...]
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