Automotive Industry Incentives

It's no secret that times are tough in the automotive industry — and now, the economy is affecting incentives. Disappointing first-quarter sales at Ford and General Motors have left both companies in the middle of restructuring efforts that will slash 45,000 jobs and close 16 plants at Ford and eliminate 34,000 jobs and 12 plants at GM. And with Japanese rival Toyota Motor Corp. surpassing GM in vehicle sales worldwide for the first time this quarter, GM has its work cut out for it.