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|I Am Skooter|
So here's us, on the raggedy edge.
Some will say that this is the best thing Chrysler’s done in years just as Ford’s earlier move to slash production by 20% was.
Seeing Huge Losses, Chrysler Slashes Production
By MICHELINE MAYNARD
Published: September 19, 2006
DETROIT, Sept. 19 — Dogged by slumping sales of sport utility vehicles, the Chrysler Group said today that it would cut production by 16 percent the rest of this year, and it confirmed that it expected to lose $1.26 billion on operations in 2006.
I would argue that if your company — once a pillar of the economic life of a continent — has gotten to the point where slashing production by 16 to 20% is the best thing you can do your company has made far too many serious mistakes, and is resting on the precipice.
There may always be an American auto industry, but it’s not likely to be owned by Americans for much more than another decade or so.
Here’s the real question of the moment: how long can Toyota avoid being the number one seller in the United States?