Automotive industry crisis of 2008 10Automotive dealers have a number of objectives to meet with respect to stock levels. The repercussions of a North American auto business collapse are massive. Imagine hundreds of thousands of workers no longer contributing towards revenue tax, Overall health-care, pensions or unemployment insurance. Instead these very same workers now turn out to be a drain on our society as they all rush to the unemployment line at when.
Automakers saw an opportunity to capitalize on this demand by developing the more profitable truck sector of their business. Canadians might recall the retail differences in between U.S and Canadian costs when the Loonie was at, or above, par with the American Greenback. A single could accuse the automakers of raking in earnings at the expense of the Canadian customer. In brief, absolutely everyone wanted a piece of the great times pie. Enter the greatest economic downturn …
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