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Old 08-15-2010, 03:08 PM
 
Location: Portland, Oregon
5,076 posts, read 7,042,081 times
Reputation: 3382

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Detroit: A bright spot in the economy

The gloom is starting to lift in Detroit. Although July showed dismal retail sales, the automobile industry showed increases in sales. Customers are buying Detroit's cars and paying higher prices.. In July, G.M., Ford and Chrysler sold their vehicles at an average price of $30,400 $1,350 more than a year ago and higher than an overall industry gain of $1,100, according to the auto research Web site Edmunds.com.
Clip:
Many of the excesses of the past overproduction, bloated vehicle lineups, expensive rebates are gone. All three carmakers have shed workers, plants and brands. And a new breed of top management the three chief executives are outsiders to Detroit, as is the newly named G.M. chief executive says it is determined to keep the Big Three lean, agile and focused on building better cars that earn a profit.

http://www.nytimes.com/2010/08/14/bu...gewanted=print
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Old 08-15-2010, 03:39 PM
 
Location: Thumb of Michigan
4,489 posts, read 6,660,917 times
Reputation: 2522
It's good news, indeed!

(UAW worker here....)
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Old 08-15-2010, 03:48 PM
 
Location: By the sea, by the sea, by the beautiful sea
54,215 posts, read 38,284,539 times
Reputation: 26709
GEEZ, the haters may now have to deal with bitter pills along with the sour grapes
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Old 08-15-2010, 04:11 PM
 
Location: Phoenix, AZ
2,470 posts, read 2,020,585 times
Reputation: 465
Ford deserves a pat on the back, they're recovering and they did it all on their own without having to file for bankruptcy but, Chrysler and GM shed a whole bunch of the debt.....after doing that, they better be doing better....the only place they can go at this point is up.....the question is, will/are they doing the right things to maintain profitability in the long run.
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Old 08-15-2010, 04:16 PM
 
Location: Raleigh, NC
20,009 posts, read 15,185,380 times
Reputation: 3739
If this joke of a recovery actually counts, what's going to happen when the gubmint money runs out?
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Old 08-15-2010, 04:16 PM
 
23,943 posts, read 17,609,324 times
Reputation: 12823
No place in the US is in more dire need of good news than detroit. Ford and gm, at least, are making some great vehicles these days.
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Old 08-15-2010, 04:21 PM
 
8,287 posts, read 11,484,688 times
Reputation: 4938
I'm glad we bailed the automakers out and give kudos for Obama by sticking with Detroit! Let's be honest here! Detroit knows how to build cars! I'm very happy to see them making a profit and keeping Americans employed!
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Old 08-15-2010, 04:31 PM
 
47,576 posts, read 58,752,909 times
Reputation: 22163
Good. No more talk of unemployment extensions.
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Old 08-15-2010, 04:45 PM
 
Location: Portland, Oregon
5,076 posts, read 7,042,081 times
Reputation: 3382
On top of this good news, American corporations are starting to onshore jobs to the U.S. from China and other foreign countries. Ford is switching some of its suppliers and will onshore about 2,000 jobs back to the U.S. It's a start.
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Old 08-15-2010, 06:06 PM
 
Location: FL
14,440 posts, read 8,067,562 times
Reputation: 3400
Quote:
Originally Posted by Danno3314 View Post
Ford deserves a pat on the back, they're recovering and they did it all on their own without having to file for bankruptcy but, Chrysler and GM shed a whole bunch of the debt.....after doing that, they better be doing better....the only place they can go at this point is up.....the question is, will/are they doing the right things to maintain profitability in the long run.
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