“why Do Ford, Gm and Dcx Alone Still Speak for the Industry?” – Wall Street Journal
“why Do Ford, Gm and Dcx Alone Still Speak for the Industry?” – Wall Street Journal
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“why Do Ford, Gm and Dcx Alone Still Speak for the Industry?” – Wall Street Journal
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Home Page > Automotive > “why Do Ford, Gm and Dcx Alone Still Speak for the Industry?” – Wall Street Journal
“why Do Ford, Gm and Dcx Alone Still Speak for the Industry?” – Wall Street Journal
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Posted: Nov 21, 2006 |Comments: 0
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“Why do Ford, GM and DCX alone speak for the industry?” That was the query posed by Wall Street Journal as reported by the AIADA newsletter. Said statement was extracted as the paper explores on lack of connectivity regarding Detroit’s dilemmas to that of the entire United States auto industry.
Wall Street Journal said, “GM, Ford, Chrysler and their enablers in the new Congress [Michigan Democrats] would have you believe otherwise, but outside of Michigan the U.S. remains a great place to produce vehicles.” It added, “Consumers have more choices in what to drive and better quality than ever. And prices are competitive. Government intervention in a market this healthy can only increase the chances that it won’t stay that way.”
The obvious fact is that Detroit automakers are still dominating the automotive arena even though the international car manufacturers are increasing its market shares and continuously extends their operations in the US.
According to automotive statistics, about 43 percent of all passenger cars and light trucks sold in the US account for international vehicle manufacturers. Furthermore, approximately 60 percent of the entire sales of cars and light trucks in the US by said manufacturers are built in the US.
Wall Street Journal also reported that a recent study conducted by Cato Institute’s Daniel Griswold and Daniel Ikenson found out that each of the top 10 selling cars and trucks in the first 6 months of this year is produced at US facilities.
“Toyota Camry, Honda Accord, Chevy Impala (GM), Ford Taurus, Nissan Altima, Ford Explorer, Chrysler Town & Country, and other models that round off the most popular 20, regardless of the location of company headquarters, are produced in U.S. plants by American workers who contribute to the local, state, and national economies through their employment, expenditures, and taxes,” the authors of the newsletter further noted.
Toyota is famous for its consistency approach and quality Toyota body parts. Ford and GM are also known for their determination and steadfast strength of character. Toyota, which is said to be struggling to dethrone GM will find it difficult to pass through its shield. Moreover, Ford is still holding on to its reign in the truck segment of the auto industry. The auto battle is still sizzling as ever.
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Tracy is a 29 year old researcher and writer from Dallas, Texas with extensive experience in writing auto-related articles and covering automotive related events. She is currently a contributing writer for a leading automotive e-zine.
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Gordon Gecko and Bretton James in “Wall Street: Money Never Sleeps” probably learned their their craft from these con-artists with high political ties.
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