Summary the news.
Regarding to US economic crisis, it affects to not only other countries, but also cross-industry all over the world. Finance and banking is the first industry that directly got effect. It also impacts to others, including automobile industry. Of course, when we think about 'US automobile representative', it becomes to General Motor (GM) and Ford. They are symbolic of US industrial revolution after World War II. Also, they were one of the biggest company in the world in the 21st century. But now, they got economic impact as similar as other companies. Their accumulate net loss for three years, their stock price decreasing, and their financial credit demotion are examples of situations that can become to bankrupt finally. Moreover, they face with strong-competitors such as Toyota and Honda, that make them much worse in competition. However, many critics think that GM and Ford ultimately can escape from this situation, because they believe that US government will help them which represent US auto-industry and their businesses link to network of other related suppliers.
Personal response.
I also believe that those two companies will not bankrupt at the end, because GM and Ford represent the United States of America. Anyway that is only one of the companies that get impact from economic crisis. Definitely, I believe that there are companies that are under this kind of situation. This is only the beginning point of crisis. You might be wrong if you think that this is the lowest point for econonic decease.
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1 comment:
agree, i think it's not the lowest point of the cirsis, it's just start and gonna be worse,if no one take repond and coorperate to solve this situation indeed. those big companies shouldn't think of only government help, they should think about solving the problem by themselves. it will be the best solution in this situation, because USA government have a lot of big companies that need its help as well.
good issue, we are also need government help for our tution fee.. haha :)
PITTA :)
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