Cars and trucks are piling up on the west coast and importers are looking to lease extra storage space as sales are non-existent and no one wants the things. Methinks they hope and wait for Detroit’s failure.
This morning, shares of General Motors and Ford have taken even bigger hits and are now “virtually worthless”.
Local leaders also celebrate the making of the new “Southern Detroit”. I have one problem with that, they will all be foreign owned. I have written about this many times on this blog and many times I have tried to explain its implications.
Jump to NY Times story: Pileup at Ports
