Carlos Gomes
Carlos Gomes
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In recent months, both General Motors and Ford have announced plans to close numerous facilities, eliminating roughly 2.4 million units of North American capacity through 2008. We estimate that once these restructuring initiatives are complete, North American capacity for the 'traditional' Big Three will likely drop below 10 million units, down from over 12.5 million in 2005.
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Household income in India is advancing at a double-digit pace and estimates suggest that 24 million households will be able to afford a new car by 2007.
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Once these restructuring initiatives are complete, North American capacity for the 'traditional' Big Three will likely drop below 10 million units, down from over 12.5 million in 2005.
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Energy and interest costs now absorb a record one-quarter of overall household disposable income.