the-questionable-future-of-us-automakers

The questionable future of US automakers

What would a Big Three bailout or bankruptcy mean for Asia?
December 08, 2008
The big three US automakers have requested a $34 billion bailout from the US government to survive. Detailed in their restructuring plans are cost cuts, including staff and debt reductions, for their North American operations, while Asia gets few, if any, mentions.

Chrysler, Ford and General Motors GM, which together encompass the ôbig threeö, employ over 60,000 people in Asia through a network of manufacturing, sales and management offices. GM and Ford both have dominant market positions in China û in 2007, GM sold over one million vehicles to ChinaÆs consumers and Ford sold 440,000 vehicles. All three companies posted growing sales in the region from 2006 to 2007.

ôIn our Asia-Pacific region, we...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222