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During the boom years manufacturers kept building new plants which suggested overcapacity even at the markets levels of the time. Now with the market sales down by 30-40%, there is huge manufacturing overcapacity. As much as 34 million vehicles or 100 plants may no longer be needed, if sales remain at the new level of 60 million vehicles wordwide for years. The situation in 2009 and 2010.
Grouped Articles
Automakers' Overcapacity Problem
BusinessWeek 12/31/2008
Economist 10/01/2009
Car Sales Are Stuck in Slow Lane
Wall Street Journal 06/29/2010
Economist 01/15/2011
Mean Street: Why The New GM Is Destined To Lose
Wall Street Journal 02/28/2011
Differing views on the prospects for the auto industry looking forward, and what will determine success. The situation in the auto industry before the government led bailout and the planned bankruptcies of GM and Chrysler.
Grouped Articles
Chrysler Posts $172 Million Loss Amid Sluggish Sales
Wall Street Journal 08/09/2010
Chrysler’s Fall May Help Administration Reshape G.M.
New York Times 05/03/2009
U.S. Auto Sales Surge in December
Wall Street Journal 01/06/2015
Wall Street Journal 07/30/2009
Car Sales Are Stuck in Slow Lane
Wall Street Journal 06/29/2010
Car Makers Help Drive Economic Recovery
Wall Street Journal 07/27/2011
Are the fundamentals of the American market shifting and is the American market a maturing market like Japan and Germany. Did the carmakers create a bubble of their own in sales so that 17 million is a way way inflated number, inflated by incentives and sales to rental fleets, way beyond what the American market even with its better demographics can sustain?
Grouped Articles
Auto Makers Rebound as Buyers Go Big
Wall Street Journal 01/04/2014
U.S. June Auto Sales Keep Climbing
Wall Street Journal 07/02/2014
U.S. Auto Sales Surge in December
Wall Street Journal 01/06/2015
U.S. car sales hit record high in 2015 - The Washington Post
Washington Post 01/06/2016
German Regulator Roils Auto-Emissions Debate
Wall Street Journal 08/23/2007
Auto Sales in Japan Drop to a 35-Year Low
Wall Street Journal 01/08/2008
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