Gettelfinger says Ford, Chrysler in good shape for future
Automotive News sites analyst predictions of $1,000 savings per vehicle that could give Ford $2.4 billion per year and Chrysler $2.0 billion per year to fund their respective turnarounds. Gettelfinger sees both domestics putting the money back into vehicle development, which would mean more and better new product. Although Gettlefinger feels Cerberus will invest money into Chrysler, he seems to think Ford is in better shape saying that it especially has a bright future. Hopefully we'll see reason for hope next week at the 2008 Detroit Auto Show, as both Ford and Chrysler have the chance to show the world what they have up their sleeves for the coming years.
[Source: Automotive News]
- Most and least efficient car companies
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models