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Sonntag, 30. November 2008

And Then There Was One

Distilling the Big Three into a single player could save Detroit.
By Keith Naughton | NEWSWEEK Published Nov 29, 2008
So this is how it ends for Detroit? After more than a century of putting the world on wheels, the American auto industry collapses amid squabbling over clueless CEOs and their private jets? Not necessarily.
There is another way forward: the Big Three could become the Big One. The notion of three powerful U.S. automakers is already an anachronism. These companies are husks of the mighty institutions that once ruled the road. Now they control less than half the U.S. auto market and will lose a combined $30 billion this year. Collectively they are burning through nearly $6 billion a month,... more details here.....

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