WJR Auto Report: Detroit's New Year Wish

December 27, 2005
It’s been a tough year for Detroit: suppliers have gone broke, two of the Big Three have reported massive losses, there’ve been job cuts and plant closings. And the foreign competition has steadily gained ground. So it’s not surprising that folks around the Motor City are looking to wish goodbye to 2005. But what does the New Year have to offer? The economy is going strong, and that means a good new car market. The Big Three all have solid products coming to showrooms in 2006, and according to consumer surveys, domestic quality now rivals the best of the imports. That means the Big Three have their best chance in years to turn things around. Meanwhile, on the labor side, union and management suddenly realize they have common goals, and that should help reduce costs. There’s no denying the coming year will see further restructuring. Indeed, we can expect some major news from Ford late in January that will echo the cutbacks announced by General Motors. But we’d like to think there are some things to look forward to.--TCC Team
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