Full Speed Ahead

It’s not looking good for Detroit. Both GM and Ford have been going through a rough patch, and they are both announcing significant losses. But there are some key differences in the kinds of financial troubles these two automobile giants have gotten themselves into.
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Taking It To The Bank

During the early 1980’s the economy was suffering from recession, and GM seized this as an opportunity to modernize vehicle assembly plants using robotics and other computer automation. It was also about this time that GM partnered with Toyota to build an economical vehicle, and over the next decade they churned out over a million of these cheap cars. Soon after, GM partnered with Isuzu and Honda to expand these outsourcing opportunities for other core components of their vehicles.
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