Big 3 in Trouble – Really Big trouble
With dismal sales and problems left and right, America’s big 3 auto makers are really in big trouble. Waiting for the emergency bailout funds the government is going to supply, the future is truly uncertain for the previously giants of the American economy. Recession has hit and it hit hard, an most agree that it’s gonna be here for quite some time. President Obama promised to support the big three but industry analysts are saying the big three might not be three anymore in the coming years to come. Overtaken by the Japanese, the big three have given up on the ratings and re-focused their energy on their ultimate fate during this recession.
They have already closed international plants, reduced their personnel and trimmed down the hours people go to work but it still isn’t enough for them to continue operating. They are some of the biggest companies in the US but they have long been in trouble as the auto industry collapsed and got stiff competition from abroad. Their fate next year would be decided by the bailout they get and how they talk amongst themselves to revive their industry. Only time will tell, and we could only wait at what these industrial giants come to this coming year.