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The end of the road for US Carmakers?

Employees at Ford's Kansas City Assembly Plant building the new 2009 Ford F-150. Are the Big Three worth saving? The U.S. auto industry's downward spiral has accelerated dramatically in recent weeks. In a desperate bid for solvency, General Motors Corp. is seeking a merger with Chrysler. Chrysler has talked with Renault and Nissan about partnerships. And now Ford Motor Co., GM and Chrysler -- backed by Michigan lawmakers -- are lobbying Washington to give them cash, implying that failure to provide a bailout could doom the industry to bankruptcy?

The end of the road for US Carmakers?
xcel, Oct 28, 2008
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