US vehicle sales fell sharply in April to an 18-month low as economic worries kept customers out of the country's car showrooms. Higher petrol prices and consumer debt were blamed for the trend.
So:
1. DaimlerChrysler is going to trim 13,000 jobs in the US.
2. Ford will close 16 factories in North America and cut 45,000 jobs.
3. GM has closed 12 plants and cut more than 34,000 jobs.
The frugal and perspicacious sage would perhaps have prevented unwise investments in these factories and jobs in the first place and saved a lot of costs and trouble.
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