-American Automobile Industry-
As we move towards a globalized business world, new competitors have risen from developing nations. These nations now pose a threat to the many industries still stuck in their old ways. One industry in particular is the American auto industry that has seen a large fall in their earnings. Japan is one nation who has revolutionized the auto industry through Toyota. 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......

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Title: American Automobile Industry
Approximate Word Count: 1141
Approximate Pages: 5 (250 words per double-spaced page)

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