The effects of the crisis starts to feel among the car companies. From 2002 to 2008 GM "lost" 93000 employees from 177000 they had in 2002. But they won`t stop here - this year they want to fire another 13.400 in an attempt to save the company. Ford and Chrysler don`t stand to well either. http://www.fordreporter.com/wp-content/uploads/2009/02/fordgm-thumb.jpg
Yes, the Russia is affected by the general crisis as well. This combined with the falling prices on oil makes a hard time for the Russian people and thus for the car sales. Ford is also affected and they`ll stop the production at their factory in Russia for 1 month. The same thing announced Renault regarding thttp://www.fordreporter.com/wp-content/uploads/2008/12/fordlogo-thumb.jpg
Yes, the Russia is affected by the general crisis as well. This combined with the falling prices on oil makes a hard time for the Russian people and thus for the car sales. Ford is also affected and they`ll stop the production at their factory in Russia for 1 month. The same thing announced Renault regarding thttp://www.fordreporter.com/wp-content/uploads/2008/12/fordlogo-thumb.jpg
The UK`s Sunday Mail is reporting something very interesting. Ford has returned to SAIC(Shanghai Automotive Industry Corp. in order to sell Volvo to them. SAIC is one of the leading contenders to snap up Volvo. Ford wants to sell Volvo after almost 2 years in which they said it wasn`t for sale. I gues the Crisis reahttp://www.fordreporter.com/wp-content/uploads/2008/12/fordsellsvolvo-thumb.jpg
In 1999 Ford bought Volvo for $6.4 Billion and now, in plain crisis they want to sell the Swedish brand for $6 Billion in an attempt to cut the costs. Well, Volvo isn`t exactly the hottest catch since the entire auto market is struggling to stay alive and the reported sales were down 24% in the third-quarter. Volvo http://www.fordreporter.com/wp-content/uploads/2008/12/f-thumb.jpg
