While Toyota madam, the U.S. auto industry is close to collapse

While Toyota madam, the U.S. auto industry is close to collapse

Problems American auto industry continued, Chrysler Group announced the disposal of over 13 thousand employees. Issue Chrysler Group come in the context in which Ford announced losses of over 12 billion dollars in 2006 and offensive Japanese manufacturer Toyota North American market seems ample. Among the factories proposed for closure include one in Newark, Delaware, where it produces the model's Dodge Durango and mini SUV Chrysler Aspen. Another unit which is believed to be closed is in Detroit, where it is produced V8 engines of 4.7 liters, which equips trucks Chrysler. Demand for such cars has registered a steady decline in North American market, mainly due to high oil prices.

In early February the company Ford announced record losses of 12.7 billion dollars in 2006, single event in company history. Reasons for these negative results is the drop in truck sales and the compensation payments awarded a portion of the 45,000 workers to be made redundant in the period 2006-2010. The objective of sales for the first quarter of 2007 was reduced to 740,000 units, a decline of 15.5 percent from the same period last year.

While American manufacturers have some major problems, the Japanese from Toyota reported a record profit of $ 3.5 billion in the third quarter of fiscal year 2006, an increase of 19.2% from the same period last year, informs Reuters quoted by HotNews.ro. The main reason for this growth is the advance sales registered on the European and North America. Toyota aims lead the U.S. auto market, located in boiling after both General Motors and Ford and Chrysler have lost significant share of the market. In the U.S., during his 2006 best-selling car was the Japanese carmaker Toyota Camry model.

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