Fiat Chrysler car maker is going to lay off 1,300 workers at the factory in Sterling Heights, Michigan. The company has to cut so many jobs since 2009 because of the falling demand for cars in the U.S. market. The Sterling Heighs Fiat Chrysler factory will lose 41 percent of its workforce on July 5, 2016 (Bennett, 2016). The so called Detroit Three such as Fiat Chrysler, Ford Motor, General Motors practice large-scale jobs' cuts. Fiat Chrysler CEO Segio Marchionne declared the company would shift from making sedans to trucks or even sport-utility vehicles. The transition to making ...
Essays on Sedans
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The article being reviewed is titled ‘Auto Executives Dismiss Fears of Plateau in Global Demand’ which appeared in The Wall Street Journal on January 13, 2016. The article discusses the impact of increasing utility of cars due to falling oil prices, which have resulted in expectations of demand increasing over the coming period. Fall in oil prices have resulted in gasoline prices coming down to $2 per gallon or even lower in some areas. Auto companies expect that such prices will persist in the near term and as a result the demand for cars is expected to go up ( ...
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