Downshifting in the New Millennium

Over the past eight years, the U.S. auto industry has driven deep into a morass. How deep? Between Jan. 1, 2001, and Nov. 11, 2008, GM and Ford together have lost $67.4 billion in market value and shed 245,000 jobs. That works out to more than a 90 percent decline in market cap for each company and more than a 30 percent cut in jobs. The auto industry worldwide is suffering, except for Honda, which has boosted its market value during the period by 13 percent and increased its employment rolls by 63 percent.

SOURCE: S&P's Capital IQ | The Washington Post - November 15, 2008

This Story Downshifting in the New Millennium Article \| Over the past eight years, the U.S. auto industry has driven deep into a morass. How deep? Between Jan. 1, 2001, and Nov. 11, 2008, GM and Ford together have lost $67.4 billion in market value and shed 245,000 jobs. That works out to more than a 90 percent decline in market cap for each company a... MARKET BUZZ: Taking Stock of Builders' Wild Ride FORESIGHT: Waiting on Key Signs of Distress Downshifting in the New Millennium		TOOLBOX E-Mail This Save/Share + Digg Facebook Reddit Twitter myspace SOURCE: S&P's Capital IQ \| The Washington Post - November 15, 2008 ¬es=Over the past eight years, the U.S. auto industry has driven deep into a morass. How deep? Between Jan. 1, 2001, and Nov. 11, 2008, GM and Ford together have lost $67.4 billion in market value and shed 245,000 jobs. That works out to more than a 90 percent decline in market cap for each company and more than a 30 percent cut in jobs. The auto industry worldwide is suffering, except for Honda, which has boosted its market value during the period by 13 percent and increased its employment rolls by 63 percent." onclick="if ( typeof otto != 'undefined' ) { }" onmouseover="changebg2('delicious')" onmouseout="resetbg2('delicious')" target="new">del.icio.us SOURCE: S&P’s Capital IQ \| The Washington Post - November 15, 2008 \'),\'newstrust\'+(new Date()).getMilliseconds(),\'dependent=no,scrollbars=yes,resizable=yes,alwaysRaised=yes,status=yes,directories=yes,location=yes,menubar=yes,toolbar=yes,width=430,height=750,modal=no\'));ntw.focus();'" onclick="if ( typeof otto != 'undefined' ) { }" onmouseover="changebg2('newstrust')" onmouseout="resetbg2('newstrust')">NewsTrust Stumble It! COMMENT 0 Comments Your browser's settings may be preventing you from commenting on and viewing comments about this item. See instructions for fixing the problem. Discussion Policy CLOSE Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions. You are fully responsible for the content that you post. Who's Blogging » Links to this graphic
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