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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (43944)	12/16/2008 1:40:39 AM
From: elmatador	Respond to of 217688

"overseas operations of Ford and GM helped buoy Detroit when times were difficult in the United States. But there are growing concerns that the automakers’ problems in the United States will weigh down their more successful units in Europe, Asia and Latin America — even with a short-term lifeline that the Bush administration has signaled it will provide to G.M. and Chrysler, which sells almost exclusively in the United States. ... And in recent years both companies have enjoyed hefty profits in Latin America, especially Brazil. “Until now, overseas operations have not been drains on cash,” said Rod Lache, a Deutsche Bank analyst in New York. “But with sales now down 35 percent-plus in Brazil and off 30 to 35 percent in Western Europe, every market in the world looks like it will burn cash.” nytimes.com