Final Reseach Paper Research Example | Topics and Well Written Essays - 2000 words

Final Reseach - Research Paper suit hybridization Mustang, Lincoln, Mercury, Volvo and the pickup trucks are some of the most popular automotive brands of the phoner.Even before the pecuniary crisis struck the global economy, the automobile labor in general and Ford Motors in particular was incur heavy losses in billions due to their inappropriate and untimely strategy of bringing luxurious and dear(predicate) cars to the market.Ford experienced a decline of 34% in its car sales in latish 2008 as banks employed aggressive techniques for credit approval after the increasing statistics of loan defaults. Since automobile industry was already in financial trouble in 2006, the added credit tightening and increased fuel cost served a major set back to the industry as many suppliers struggled to breakeven (Millward, 2008). In the face of grim situation many automobile dealers had to sell out or close down their operations to evacuate further lossesFor the past 100 years, the Ford Mo tors has been a strong runner up to the command Motors and a stable base for the U.S economy even though it went through troublesome times specially in 1950s when Henry Ford was in the last years of his life and also in 1970s and 1980s when the sudden outburst of Japanese imports posed a serious threat to the companys profitability, survival and brand image. The 1990s were good years for the company as their pickup trucks, sports cars and minivans became the read of the century while the Taurus became one of the most prominent passenger cars (Baki, 2004). In 1999 the company bought Volvo adding it to its angle of European brands which included Aston Martin and Jaguar. Ford Motors formed the Premier Automotive group in 2000 when it bought Land Rover, expecting a surge in profitability and sales.The impact of the financial crisis on the automobile industry especially Ford Motors and