Looks like the US Government is going to bail-out General Motors, but GM is surely not the only US Automaker hurting, as both Ford and Chrysler have seen better days. Her advocacy movie on the rights of the Girl Child and Obstetric Fistula, DRY, has won awards across the world and has been screened in several International Film Festivals including the Pan African Film Festival, USA and the Montreal International Black Film Festival, Canada.
Although Fields denied that Trump played into Ford’s retreat from the Mexico plant, and Fiat Chrysler’s chief executive, Sergio Marchionne , also said its the automaker’s decision was coincidental” to Trump’s public criticism, industry analysts say automakers are under pressure.
But it has cautiously moved ahead with introducing the technology, even as its tech and automaker competitors have come out with semi-autonomous features such as Tesla’s Autopilot or are conducting public trials of self-driving cars such as Uber in Pittsburg, Pa.
Fiat’s quest for global relevance is based on a speech its CEO, Sergio Marchionne, gave last Fall where he mentioned that only a handful of automakers would be able to survive for the long haul, global players who would need to sell 5.5 million cars annually in order to survive.
This really isn’t the case in the US. Automakers are dead-set against adding capacity here with the market running so far above what’s known as the replacement rate” of sales — 15 million annually or thereabouts — and instead are maximizing their capacity utilization so they won’t be stuck with unused capacity and layoffs when the downturn inevitably arrives.