Saturday, May 2, 2009

From the wayback machine

While doing some spring cleaning, I found a page from USA Today from November 2004. It had a story about the auto industry, so I had to check it out.
The headline - Dealerships plan to cut back on auto inventory
The problem - The issue stems from a fundamental business problem facing Detroit automakers. General Motors, Ford and Chrysler Group need to keep their factories running to generate enough cash to pay for their huge pension and health care obligations. Toyota and Honda can simply cut production when demand wanes rather than pile on profit-eating incentives.
A few years down the road, the same problem is there.

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