Big 3 models' residual values tumble; import brands stable despite rebate wars

[rubenswm]

http://www.autoweek.com/cat_content.mv?port_code=autoweek&cat_code=carnews&loc_code=index&content_code=05876395

7 billion dollars of residual loss can't be wrong.

 

[Ryan]

Ouch! :Q

 

[Jombo]

gee, more good news for detroit? ..sad...

 

[Ryan]

Originally posted by: Jombo
gee, more good news for detroit? ..sad...

Why is it sad? Detroit is digging it's own hole, slowly dragging their brands into demise. They are in this situation because of their own actions - I can't feel sorry for companies that ruin themselves purposefully.