Ford's junk rating cut further (BBC)
Internationally, car manufacturers are finding it more and more difficult to make ends meet. GM and now Ford are getting into very deep trouble. I think it is a sign that the international economy is beginning to weaken.
2 comments:
It may be a weakening global economy. But I also think it is due to very tight margins in the car industry and (especially for Ford and GM) the bottom dropping out of the SUV market...
It's one of those things which is both a cause and an effect. The oil prices have cut into Ford and GM and the SUV market, and the resulting losses will create economic weakness along the economic chain.
To be honest, the increase in oil prices has got to hurt the global economy.
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