SOUTHFIELD, MI – General Motors Corp. and Ford Motor Co. are planning deep job reductions and a number of plant closings to stem financial losses, but that won’t solve the domestic auto industry’s problems over the long haul, says one auto analyst. “Job cuts are not enough; they won’t solve the long-term problems,” Laurie Harbour-Felax says in a presentation here to the Society of Automotive Analysts. Japanese earn $1,700 per vehicle. “When you cut heads you cut costs at the end of ...
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