LAST YEAR, 2008, especially the third and fourth quarters following the pivotal failure of the Lehman Brothers Bank in the US, was a difficult time for the global car industry. Frozen financial markets, the European, Japanese and US economies in recession and collapsing consumer confidence everywhere, put a stake through the industry.

Nothing new in that [...]

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While Ford Motor Company has opted to take the high road and avoid seeking government aid on the path to profitability, the immediate future is looking grim. The company today announced a 46% drop in US sales for February.

Ford is the first company to report its sales figures for February, and the numbers from its [...]

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