Quote:
Originally Posted by Tully Mars
I just don't understand. Today Chrysler came out and said we're going to shutter everything for at least a month. Ok, I guess I kind of get that one. No ones buying so why produce? But GM came out and said they're going to shelve, at least for now, the factory that makes the engine for the new Volt. Isn't this the car and the kind of technology that was going to save them?
I wonder if their doing this to save cash or to bluff the Feds into coughing up cash.
Story here |
The issue is bigger than the Big 3.
Toyota is delaying "indefinitely" an assembly plant in Mississippi for the Prius.
Toyota Delays Mississippi Plant Launch; Slashes Forecast, Details Cost Cuts Next week - Auto Observer
When folks are losing their jobs or uncertain about their job stability, stretching every penny so that they can meet the next mortgage payment or facing foreclosure, or cant get credit because banks arent lending....they wont be buying new cars.