andFord who are namely, ‘the big three’ reported approximately 50% of sharp fall in sales in January 2009 . GM and Chrysler were affected the most and are currently under Chapter 11 bankruptcy protection, while Ford reported significant annual loss of $14.6 billion in 2008, the worst in its history. Amid such downfall, however, Hyundai Motor managed to successfully remainas one ofthe few s
and out ofthe imported automobiles the one that had stolen our attention was BMW.
Currently, BMW distinctively makes up approximately 40% ofthe domestic automobile market. The importing automobile industry had started around the early 1980's with American auto-manufacturer GM andFord. GM andFord's mission wasto establish themselves asthe leading automobile inthe domestic market. Ho
to $28 billion from the 2008 period, partly because its bankruptcy filing damped sales and forced an extended shutdown of its U.S. plants. Chrysler Group LLC, ushered into bankruptcy in 2009 by the U.S. Government, also reported third-quarter loss. Recently Chrysler laid out detailed plan for recovery that predicts it will break even in 2010 and make money in 2011. Fordwasthe only one company r
tothe U.S. on trade in automobiles: tariff reductions for Korean automobiles were delayed for five years, and U.S. autos were granted broader access tothe Korean market. At the same time, the negotiators agreed to set aside disagreements over U.S. beef exports for the time being. The deal was supported by Ford Motor Company, as well asthe United Auto Workers, both of which had previously oppos