Ailing US car industry hits another pothole
Every month seems to bring yet another crisis in the once mighty American car industry.
The industry is dominated by the so-called Big Three - General Motors, Ford and Chrysler. Last week, it was the latter firm that found itself under the microscope.
In a Valentine’s Day massacre, the company announced plans to shed 16 per cent of its North American workforce - about 13,000 jobs, including 5,300 in Michigan, the longtime heart of the US car industry. Chrysler had already axed 40,000 jobs in the previous six years. On...
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