A slowdown in U.S. construction, tight credit market conditions and weak consumer confidence have contributed to the overall slump in U.S. auto market over the past three years. Many analysts believe the industry will not see significant recovery in 2009. — Datastream and Thomson Reuters Proprietary Research
Share prices for GM and Ford – the only components in the S&P 500 Auto index – have been underperforming the broad market for the past four years as sales began to slump and both automakers started to slash costs and cut costs — Source: S&P, Thomson Reuters Proprietary Research
The problems at U.S. automakers have many obvious effects on the national, state and local economies in the United States, but those effects are felt in Canada as well and they have left one long-time industry observer fearful.
Usually, when an automotive executive speaks to a group of reporters (hard-edged though we might all think we are), there’s a lot of nodding, maybe some typing or note-taking or positioning to get that next good question in.