When asked: “Are the current automaker struggles impacting your business?” just over one-third of lucky respondents said no. However, the majority 64 percent said yes, troubles in Detroit were taking a toll on their businesses as well.
While the Bush administration last week approved a $17.4 billion rescue plan for Detroit 3 automakers, some say conditions in Motor City will still get worse before they get better. An article in today’s edition of the Detroit Free Press, noted that auto-related businesses will continue to be downsized as the industry must prove its accountability and viability to the government of the next several months.
THIS WEEK’S POLL
And, now for something a little more lighthearted in honor of the holiday season. Tell us: Was your total household spending on holiday gifts higher, lower or the same compared to 2007? To cast your vote, go to aftermarketNews.com and scroll to the “Poll” section at the bottom of the page.