2008: The make-or-break year for the Detroit Three |
| Globe and Mail - Dec 27, 2007 |
This year, Ford, GM, and Chrysler's combined share of the critical U.S. light-vehicle market stands at 51.1 per cent, down from 53.9 per cent in 2006, from 60 per cent just four years ago and from 81 per cent in 1984.
In November, the Detroit Three slipped under a 50-per-cent monthly share for the second time ever. The first time was in July.
The steady decline of the Detroit Three is, of course, hugely important in the United States, but in Canada, too. Detroit's auto makers have major production facilities in Canada — as do the Japanese, though on a smaller scale. Last year, of the 2.6 million vehicles assembled in Canada, the Detroit Three manufactured nearly 1.8 million of them.
Read Full Article from Globe and Mail
- Posted: 2007-12-27 09:07:38
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