The Big 3 American car manufacturers – General Motors, Ford and Chrysler – used to be the backbone of the American economy. They were the prototypical blue collar, middle class employers, where a hard day’s work meant putting together a great American product for a good wage and benefits.
Now, these companies are more of a running punchline than American icons. While all three are working hard to stay afloat and adapt with the times, it appears that they’re going to face very strong headwinds in order to keep their heads above water.
While I certainly have faith that all three companies will make it through their current problems in some form or fashion, I think it’s going to take a while before they’re able to completely turn it around and become profitable businesses again.
According to a recent poll on Daily Fuel Economy Tip, I’m certainly not the only one who thinks this way.