About American Cars

We all know the US economy is still as strong as ever despite the occasional issues on terrorism and the coming election. However, there were reports that the US automotive industry is experiencing recession. How true?

In an event in South Korea, Nissan Motor CEO Carlos Ghosn has expressed concern for the U.S. auto industry saying that it is in a recession. He told reporters that the high cost of materials such as iron ore, precious metals and aluminum used in producing cars represent risk for the industry. But then, he also said that the U.S. auto market “will not stay in a recession for a long time.”

I believe that. While automotive sales have gone low in the past years, as long as the American economy remains in shape, the US automotive industry can weather the storm. Let’s all think positively, people.

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.