Detroit auto makers were among the first U.S. manufacturers to embrace the “just-in-time” inventory policy, which demands fast delivery of materials.
Today Detroit is the worst place where tyo leave in the USA.
Ford Motor Co. reported a $5.9 billion quarterly loss that was twice what many expected and said it would draw down its last credit lines sooner than anticipated, raising fresh questions about how long it can survive without a government bailout.
Ford burned through more than $5.5 billion in cash in the fourth quarter. While that was down from the $7.7 billion it ran through in the third quarter it left the company with just $13.4 billion at year end, an amount it could use up in a few quarters if conditions remain dire.