auto news Auto news for all makes and models.

After the meltdown, car companies ready to compete again

Thread Tools
 
Search this Thread
 
Rate Thread
 
Old 11-27-2011, 05:28 PM
  #1  
Average GTcars Poster
Thread Starter
 
GTCz-Roger's Avatar
 
Join Date: Aug 2011
Location: Burnsville
Posts: 571
Rep Power: 478
GTCz-Roger will become famous soon enoughGTCz-Roger will become famous soon enough
After the meltdown, car companies ready to compete again

Whew! All that’s left now for auto companies around the world is for the politicians and the financial sector to find common ground with reality and get this economy humming again. That’s the big takeaway from two days milling and mingling and poking and prodding leaders of the auto industry at the last big show of 2011.

Anyone with any sense can see that this car business has resurrected itself from the mire of the 2008 financial meltdown that sent two of Detroit’s auto companies into bankruptcy and left the third teetering on a knife’s edge. There was a palpable optimism on the show floor in L.A., in fact. It seems borne of a conviction that after the last three years, car companies know crisis management – no, they’ve mastered crisis management.

General Motors, if you hadn’t noticed, is making billions now. So is Ford. Chrysler is more profitable than its saviour, Fiat of Italy, and recently announced a $500-million (U.S.) upgrade to the Toledo, Ohio, plant where Jeeps are made.

Reid Bigland, the Chrysler Canada CEO who also runs the company’s sales operation in the United States – and I suppose spending every other Tuesday afternoon as CEO of the Dodge brand – says it’s hard to complain about working hard when the hardest-working person in the company is Sergio Marchionne, CEO of Chrysler and Fiat.

Read more: http://www.theglobeandmail.com/globe...rticle2246690/
GTCz-Roger is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
AutoReporter
auto news
0
10-15-2008 12:57 AM
imported_Sal
Honda Civic - Del Sol - CRX
1
05-21-2008 04:22 PM
2TONE_93GT
ford
0
02-13-2007 10:42 PM
drift_n_shift
General Automotive Chat
6
03-30-2006 07:41 PM

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 


You have already rated this thread Rating: Thread Rating: 0 votes,  average.

Quick Reply: After the meltdown, car companies ready to compete again



All times are GMT -4. The time now is 10:19 PM.

Page generated in 0.06207 seconds with 10 queries