Ford announce recently that it plans to cut 14,000 salaried jobs over a three year period and won't see any profits until 2009. DaimlerChysler is on its way to lose $1.5 billion. GM improved their performance recently, but their workforce is less than 50% compared to ten years ago.
Toyota is doing very well, which was ahead of Chysler in August by over 200,000 cars sold in the U.S. and surpass Ford also back in July. It also announced it 5millionth Camry sedan production at the huge manufacturing plant in Georgetown, Kentucky.
GM are discussing with Renault-Nissan about a possible alliance. But I don't think that is going to happen because Toyota have been working with GM on common vehicle for years and they probably won't let their Nissan, the rival, to go through with it. And analyst say that if nothing happens between GM and Nissan, Ford might be next to talk with the french japanese car company, which may be better for Renault-Nissan because Ford own companies (Jaguar, Volvo, Land Rover) that are big in Europe and this could give Renault a greater share of the European automotive market.
Toyota is doing very well, which was ahead of Chysler in August by over 200,000 cars sold in the U.S. and surpass Ford also back in July. It also announced it 5millionth Camry sedan production at the huge manufacturing plant in Georgetown, Kentucky.
GM are discussing with Renault-Nissan about a possible alliance. But I don't think that is going to happen because Toyota have been working with GM on common vehicle for years and they probably won't let their Nissan, the rival, to go through with it. And analyst say that if nothing happens between GM and Nissan, Ford might be next to talk with the french japanese car company, which may be better for Renault-Nissan because Ford own companies (Jaguar, Volvo, Land Rover) that are big in Europe and this could give Renault a greater share of the European automotive market.
