Join Date: Apr 2006
Location: United Kingdom
Ferrari Life Posts: 3,928
I've only just picked up on this thread, but here's the view point from a non American.
It's not just the US car makers who are in trouble, it's all car makers. Here in the UK Nissan have laid off half of the workforce, Honda have shut down their plant in Swindon for 4 months, Toyota have put everyone on short time, Peugeot and BMW (Mini) have suspended production, Ford and Vauxhall (GM) are in trouble too. Jaguar, Land Rover, Bentley, Aston are all feeling the pinch too.
It's the same story all over Europe and no doubt in Japan and Korea too. No one is buying new cars, because the finance to buy them is harder to get, and for those who can get finance, they aren't buying because they are worried they might lose their job and will fall behind with the repayments.
As much as I dislike American cars and 10 ton pick up trucks that do 10 MPG, the sad plight of the US car makers is nothing to do them making the wrong cars. I would love to say it was because American cars are crap, but it isn't. It is a sad reflection of the worldwide economy. In Europe most of our new cars do 50 MPG because they run on eco petrol engines or diesel, but no one is buying them either.
I don't like the cars GM, Ford or Chrysler make, but I would hate to see them fall because it has wider repercusions for all of us.