Posted by Greg Grandin at 7:39am, June 23, 2009.In the 1920s, the sales slogan didn't kid around: "Ford, the universal car." In the 1940s, with an American golden age ahead, it was hopeful: "There's a Ford in your future." In the 1950s and 1960s, it was forward looking: "Ford has a better idea." In the 1970s, there was a slight pleading quality to it: "Ford wants to be your car company." In the 1980s, it had become a question: "Have you driven a Ford lately?" By 2004, it was simply a lie: "Ford, built for the road ahead." As we now know, it should have been something like, "Ford, built for the cliff ahead.
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Bernard L.Madoff Investment Securities LLC The automotive industry crisis of 2008–2010 was a part of a global financial downturn.The crisis affected European and Asian automobile manufacturers, but it was primarily felt in the American automobile manufacturing industry.
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European car industry 'faces collapse', Renault chief executive Carlos Ghosn warns | Business | guardian.co.uk Tuesday 20 January 2009 10.49 GMT Europe's car industry faces collapse without rapid intervention from EU governments, Carlos Ghosn, Renault's chief executive, warned today.Ghosn, president of the pan-European carmakers' body ACEA, pointed to a "brutal" collapse in sales and squeeze on credit.His comments, at a Paris summit with French ministers, came as the government of Nicholas Sarkozy prepared to inject capital into both Renault and Peugeot Citroen on top of the €1bn in loan guarantees given to their finance arms.
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