We’re getting close to wrapping up the day here at egmCarTech but we’re not calling it quits without our daily ‘Miscellaneous Thoughts’ post.
Chrysler and GM bankruptcy fixes may cause problem for Ford in the future: Ford is currently the American automobile industry’s pride and joy. However, with Chrysler already out of bankruptcy and GM possibly coming out in six weeks, Ford may soon find itself in weakest position of the traditional Big 3 according to CNNMoney. Ford, which built its cash reserves buy mortgaging company assets before the credit crisis in 2008, is left with about $32 billion in debt on its books. – CNNMoney
GM urged to make small-car in Michigan: As GM continues to narrow down its plant choices to produce a new small-car in North America, members of Michigan”s congressional delegation signed a letter to Fritz Henderson urging him to take the state”s economic crisis and produce the car at a plant in Michigan. – Free Press
– By: Omar Rana