Big Three Automakers Crisis

Big Three Automakers CrisesMEMORANDUMDateSubject : The Three Automakers Financial conditionTo : President chosen Senator Barak ObamaFrom : Economic AdvisorIntroductionIn view of the of the recent appearances of the CEOs of the big three automakers that is to say Chrysler , Ford , and ecumenic Motors before the House and Senate Committees regarding their financial problems , hereby ar recommendations on the White House position on the issueBrief backgroundThe issues raised by these three giant carmakers ar that they are losing ground against their foreign competitors and that for the past eleven moths of 2008 , their sales are dropping . fit to some analyst , based on GM s November sales , customers are worried about the say-so bankruptcy (Taylor , A . equation . 3 ) of the company . According to Taylor , GM s sales for the first eleven months have locomote 21 .9 which is comparable to Ford s 20 .6 and Chrysler s 27 .7 .

This electronegative figure is far worse compared to their Asian rivals like Toyota which is vote down by 13 .4 , Honda by 5 .4 , and Nissan 9 .1 (Taylor , par . 5According to the report of Planning Perspectives Inc . an auto industry consulting firm , 68 of the executives for industry suppliers who participated in their survey about the impact if General Motors declared Bankruptcy , they would likely close their business . In this case , Steven Gray noted that some 275 ,000 would lose their jobs in the Midwest alone (Gray , par . 2 . These issues are genuinely important to the United Economy as...If you want to get a full essay, order it on our website: Ordercustompaper.com

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