Monday, March 3, 2008

Wheels make the world go round....

In an article written about the 3 major car industrials: GM, Ford, and Toyota, the stocks of cars have fall in the first two months of the new year. This big companies will be cutting shifts and also cutting the number of cars that they will produce in the second quarter. The cars that are not being sold by all od these companies are the larger trucks and SUV which have drop three percent in Feb. According to the article GM has dropped sales by 13 percent and Ford has dropped seven percent. I think that a large number of these drop in sales have been caused by the talk of there being a recession and by the large drop in the housing market.
According to the article written by Dee-Ann Durbin, both GM and Toyota are cutting the number of cars that they are producing in the second quarter. I hope that with this it will cut down the number of jobs that will be lost. Ford has stated in the article that it will be going from two shift in the summer to only one shift to match the lower demand for cars in North America.
I hope that the Untied States will be able to work out of this recession so that the people will not have to be laid off for long because that will most likey hurt our economy even more that what it has already.
The article I use was called "GM, Ford, Toyota US Sales Fall in Feb.;US Sales Tumble at GM, Ford, Slip at Toyota in February, GM and Ford Cut Production" by Dee-Ann Durbin, AP Auto Writer at http://biz.yahoo.com/ap/080303/auto_sales.html.

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