Auto Sector.
The announcement this morning by DaimlerChryslers' Chrysler division that some 13000 jobs, 2000 in Canada-er, Ontario, are going to be cut is worrisome indeed for the North American Auto Sector. The so-called big 3 (Ford, GM, Dodge) are all in serious trouble. Billions of dollars in debt, facing huge losses somethings gotta give. They should bounce back with large scale re-organizations, embracing 21st Century thinking and getting better at anticipating and delivering on niche vehicles. The companys that welcome change are succeeeding, just look at Toyota. The Big 3 have become dinosaurs and we all know what happened to the dinosaurs.
The announcement this morning by DaimlerChryslers' Chrysler division that some 13000 jobs, 2000 in Canada-er, Ontario, are going to be cut is worrisome indeed for the North American Auto Sector. The so-called big 3 (Ford, GM, Dodge) are all in serious trouble. Billions of dollars in debt, facing huge losses somethings gotta give. They should bounce back with large scale re-organizations, embracing 21st Century thinking and getting better at anticipating and delivering on niche vehicles. The companys that welcome change are succeeeding, just look at Toyota. The Big 3 have become dinosaurs and we all know what happened to the dinosaurs.
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