The main problem facing Detroit, overwhelmingly, is not the pay gap....
The real problem is that many people don’t want to buy the cars that Detroit makes.
[From Economic Scene - Figure Skews Debate of a Bailout for Detroit - NYTimes.com]
But, says the Freep (on 11/17/08):
Reality
General Motors Corp., Ford Motor Co. and Chrysler LLC sold 8.5 million vehicles in the United States last year and millions more around the world. GM outsold Toyota by about 1.2 million vehicles in the United States last year and holds a U.S. lead over Toyota of about 560,000 so far this year. Globally, GM in 2007 remained the world's largest automaker, selling 9,369,524 vehicles worldwide -- about 3,000 more than Toyota.
Ford outsold Honda by about 850,000 and Nissan by more than 1.3 million vehicles in the United States last year.
Chrysler sold more vehicles here than Nissan and Hyundai combined in 2007 and so far this year.
[From 6 myths about the Detroit 3 | Freep.com | Detroit Free Press]
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