The Big Three's dwindling market share is no secret. We've heard about it for years. But The Plain Dealer in Cleveland took a closer look at the numbers and was surprised at just how rapidly domestic automakers have been overtaken.
Domestic automakers may be losing market share, but it appears their clout is intact. The Department of Health and Human Services issued an apology for a recent newsletter that suggested only Japanese and South Korean vehicles in a list of 12 "green" vehicles for their 67,000 employees to buy. Domestic automakers took exception to the seemingly biased message, and the 15 Michigan members of th
Maximum Bob has had enough of automotive experts who question the guile of domestic execs, and as usual Mr. Lutz isn't afraid to share his thoughts with all who are willing to listen. At his recent speech at the Center for Automotive Research's annual management conference, Blogger Bob opened a GM-sized can on experts referring to Big Three executives as "Detroit Dinosaurs". Mr. Lutz asked if three independent companies wi
Even as the domestic manufacturers lose the East and West coast, they can always count on Michiganders to buy something from the Big 3, right? A new poll by the Detroit News and WXYZ-TV7 shows that a rather surprising 51 percent think that Detroit is doing a "poor" or "only fair", and that 60 percent are "somewhat" or "very" concerned about the future prospects of the US auto industry.
General Motors CEO used the bully pulpit at GM's annual shareholders' meeting to repeat a complaint that has been made several times in the past few decades (and will likely will be heard many times again) - the Japanese government is artificially holding the value of the yen low relative to the dollar to help its exporters. The same complaint was recent
Bigwigs from DiamlerChrysler, Ford Motor Company and General Motors will have to wait for their date with the President. The expected meeting between the Big Three and President George W. Bush is now slated for June 2, moved back from the May 18 date as previously reported. The CEO deligates and the White House would have readers believe that the change in date isn't actually a 'postponement,' but rather the first time a firm date has been set. Regardless of any calendar semantics,
Toyota's quarterly profit jumped 39 percent over year-ago figures, with the automaker earning $3.6 billion on sales of $51.6 billion in the first quarter of 2006. Those aren't exactly Exxon Mobil numbers, but they're not chump change, either. Sales were up 18 percent over the same period, and the automaker sold more cars everywhere except in its stagnating home market of Japan.
Along with the steady stream of bad news coming from Motown has also come a tide of talent, with some employees evidently seeking employment elsewhere in the business, or looking outside the industry altogether. The growth of "transplant" OEMs such as Toyota and Hyundai in the US are providing opportunities beyond the former Big Three, and the recovery in other segments of the economy means that execs can find less pain in those industries that h