Detroit Can't Take Another Bad Quarter - Douglas McIntyre (BloggingStocks)

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Detroit Can't Take Another Bad Quarter
Apr 10, 2008 03:03 AM UTC

Douglas McIntyre (BloggingStocks)

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4/2 - "It has been almost three years since Wall Street was concerned about whether the big US car companies like GM (NYSE: GM) and Ford (NYSE: F) would make it...Now, the issue of how the US car companies will make it is on the table again. In March, Toyota's (NYSE: TM) sales were down over 10%. But, GM's sales fell 19% and Ford's were off 14%.'

"The amount of cost cutting that the firms have made will not weather that, at least not for long...The future of the US car companies is at stake, and, right now, it does not look very good."

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