Thursday, February 21, 2013
More Good News for the Auto Industry?
This article presents some more news of growth in the Auto Industry. I think most, if not all, of us would agree that this is good news for the economy because of the creation of jobs and a higher productivity for the U.S. The question is, do you think this enough good news for Investment to finally start to increase at a higher rate? What were your thoughts on Ford's new strategy for their European plants? How might that affect the European economy? How might the movements of foreign factories back into the U.S. affect our economy? If any, what future roles or policies should the U.S. government have in preventing another downturn in the Automobile industry?
Subscribe to:
Post Comments (Atom)
As a resident of the metro Detroit area, this is great news. If Detroit city council can get its budget together and with a pick-me-up from the auto industry, downtown Detroit will hopefully become a major metropolitan city in the U.S. again.
ReplyDeletewooooo auto industry.
ReplyDeleteThis is such an exiting new for U.S economy, especially for Auto Industry! More jobs will be created and finally " we can bring business back to the U.S. from Spain and Mexico".
ReplyDeleteAs the son of an entrepreneur who deals with Chrysler, Ford, and GM on a daily basis, I think this article is great news. As these auto-giants increase production and sales, more small manufacturing businesses will be needed to help these auto companies get cars produced. My only advice for these auto companies is to get some diversity within its models. For example, many of GM's cars are similar in look, price, and amenities the only difference is they are one of few brands. (Chevy, Cadillac, Buick, GMC) In essence, all of these cars are competing with each other when they should be working together to increase sales. Also, I believe that the new union laws will help these auto companies gain larger profits because of lower pay roll costs. I hope these companies continue to recover and grow.
ReplyDeleteI feel very disconcerted with the article. One of the most important things that caught my attention was that the "General Motors and Chrysler began to recover with the help of hefty government bailout and bankruptcy filings. I do not understand how the government of the United States spent money in some enterprises that left the US when the United States needed them. Now, they are coming back and will add 450 jobs. I am glad for that because this will help to recuperate the US economy. However, one should keep in mind that the supply is not enough in an economy, one also needs the demand. That is why the vehicle companies will have to work in that area, especially in the credits, if they want to survive in the economy.
ReplyDelete