Ghosn scandal and General Motors closures should be viewed in context as world car production trends suggest future not so different from the past
The auto industry has seemingly suffered two major body blows in the last 10 days. The shock arrest of Carlos Ghosn in Japan and GM’s announcement of plant closures in North America give succour to those who believe we are witnessing the beginning of the end of the car industry. ...
General Motors Co. on Thursday said net profit jumped 67 pc in 2011, despite a big loss in Europe. The US carmaker posted a net of 7.6 billion dlrs in 2011, up from 4.7 billion dlrs in 2011. In the fourth quarter, earnings m to $468 million from $510 million ...