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American Automobile Industry

American Automobile Industry

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Title: American Automobile Industry

Essay Details:

Subject: Business

Author: John K

Date: September 30, 2014

Level: University

Grade: A

Length: 4 / 1141

Essay text:

The world is growing and with this growth we see a need for energy and with it has come a high price at the pump. Ford Motor Co. and General Motors Corp. due to a lack of planning, inability to adjust to this energy crisis, and other problems have led to massive losses. With investors anxious for change, American auto industry in order to compete in the car industry has sought ways to cut their costs. Both Ford and GM have resolved to plant closed downs and massive layoffs. To compete with foreign automakers GM announced in Nov. of 2005 that it would be cutting costs by eliminating 30,000 hourly jobs and close or scale down operations at about a dozen U...

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