Saturday July 11, 2020

Ailing US car industry hits another pothole

Every month seems to bring yet another crisis in the once mighty American car industry.

17th February, 2007

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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