Ford’s announcement Thursday that it will cut both second and third quarter production by nearly 20 percent sure looks like it could — and should — promote bankruptcy talk.
Hell, it would be one of the best things that could happen for America environmentally.
Toyota’s not virgin-pure, certainly not after opposing California’s CO2 emissions control attempt. (Which we hope is eventually enacted.)
But, it’s way ahead of the Formerly Big Three.
Ford trotted out a diesel-hybrid car at auto shows a couple of years back. Is one in production? No.
GM puts light hybrids on its trucks and SUVs, but the world’s largest maker of hybrid-drive buses, via its GM-Allison subsidiary, can’t see fit to make a hybrid.
Chrysler is worst of all, but being privately held, technically can’t go bankrupt.
If Ford or GM goes bankrupt, Toyota would have a shell for a Prius factory somewhere. In fact, maybe now, even, Toyota could buy a plant that is “temporarily” (yeah, right) idled for pennies on the dollar.
Ford shares dropped 8.2 percent Thursday. If gas goes even higher than Ford’s pegged $3.75-$4.25 range, look for all the formerly Big Three to tank even more.
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