Remember Detroit was having issues long before this recent down turn. It just came to a head with the recent overall economic picture, but they’ve been having declining sales for a while.
Yes, absolutely true. They’ve been seeing this coming for years.
I’m talking about the recent furor where GM comes hat in hand to DC, saying they can’t make it to the end of the year - and earlier in 2008, there was no such dire pronouncement.
Sales of many types of domestic autos were falling off as gas went higher and higher, but then so were Japanese sales too.
The foreign car companies just have a more sound cost structure in both domestic and foreign plants.