Highlighting the credit crunch and economic down turn that is affecting all auto makers, Toyota is expected to report its first loss ever. Speculation is Toyota will have a loss of $1.7 billion for the year ending March 31. Toyota has idled factories and delayed opening a new plant in Mississippi. Honda had similar news last week. So the woes of the Detroit 3 are not caused by stupid business decisions, but the collapse of the auto market which is hurting every auto manufacturer.
Source AutoWeek
Source AutoWeek
1 comments:
So the woes of the Detroit 3 are not caused by stupid business decisions, but the collapse of the auto market which is hurting every auto manufacturer.
What a naive comment. Yes the whole industry is down, but the D3 have no product, combative unions and IMO poor management. Not so with most other makers.
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