Monday, December 08, 2008
Brazil, Argentina buoy Detroit's automakers
Wouldn't you think our beloved politicians would take notice of success like this?
Did someone say unions?...
Did someone say unions?...
Bryce G. Hoffman reports at DetNews.com:
"Whoever says Ford Motor Co. and General Motors Corp. can't make money in the car business has never been to South America.
While the two automakers struggle to pull their North American businesses back into the black, both are making record profits south of the equator. In the United States, declining demand for their cars and trucks has forced Ford and GM to shutter plants and lay off workers. In countries like Brazil and Argentina, they are investing millions just to keep up.
Ford is running three shifts, six days a week at its factory in Camaçari, Brazil, where workers commute past palm huts and coconut vendors to work in one of the most advanced auto factories in the world. Farther south, GM workers in São Paulo fight some of the heaviest traffic in the world to churn out Chevy Corsas and Astras at the automaker's plant in São Caetano do Sul."
