If you pay any attention to the stock market, you can't help but wonder if Ford and General Motors will survive.
I'm serious. These U.S. auto giants are puttering along in a very volatile market. At last check, Ford's stock was worth somewhere around $4 a share, and GM around $12.
Here's what I say. Today's market doesn't have the room to support all of these automakers, both foreign and domestic. To survive, some of these companies will have to merge, and that's what we're going to see.
And, when you think about it, do we really need all of these choices? Was the Pontiac Firebird that different from the Chevrolet Camaro? Was the Olds 98 that different from the Buick Lesabre? Dodge Durango vs Ford Expedition?
The market is flooded with too many cars and trucks. To survive, automakers need to streamline and focus on engery-efficient vehicles. Otherwise, companies like Ford and GM will crash.
Your turn.
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Abunai
Aug 12, 2008 | 3:43 PM |
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oldvamp
Aug 12, 2008 | 3:44 PM |
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Truthguys
Aug 12, 2008 | 4:28 PM |
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FlaNative
Aug 12, 2008 | 4:30 PM |
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Ericjhach
Aug 12, 2008 | 6:35 PM |
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swansong2
Aug 12, 2008 | 6:44 PM |
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Tom_Sussi
Aug 12, 2008 | 8:57 PM |
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oldvamp
Aug 13, 2008 | 9:27 AM |
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Abunai
Aug 13, 2008 | 9:34 AM |
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Tom_Sussi
Aug 13, 2008 | 9:41 AM |
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Abunai
Aug 13, 2008 | 1:27 PM |
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Tom_Sussi
Aug 13, 2008 | 2:10 PM |
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TavaresJim
Aug 14, 2008 | 2:11 PM |
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TavaresJim
Aug 14, 2008 | 2:17 PM |
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oldvamp
Aug 14, 2008 | 2:57 PM |
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Tom grew up in Flint, Michigan and has worked in radio, newspaper and television. A graduate of Michigan State University; Tom has worked in Lansing, Flint, Detroit, Pittsburgh and Cincinnati. In his television career, he’s won numerous awards including an Emmy and Reporter of the Year honors. At WOFL, Tom is the Consumer Investigator. Simply put, Tom has headed south to do what he does best and what he loves most. He’s here to stick up for the little guy. Expect to see Tom hold rip-off artists accountable; help solve your consumer problems; and investigate government spending. So, do you need help? Send Tom an email if you have a question or a problem! His address is askfox@foxwofl.com.
Member Since: 2/19/2007