To the Point
The Auto Industry: In Survival Mode
GM and Chrysler may be on the verge of bankruptcy, but auto sales are declining so fast the entire industry is in trouble. We assess the prospects for its survival and what the future might look like. Also, Capitol Hill outraged at AIG, and democracy and instability in Pakistan.
By Warren Olney • • 1h 0m ListenGM and Chrysler may be on the verge of bankruptcy, but auto sales are declining so fast the entire industry is in trouble. We assess the prospects for its survival and what the future might look like. Also, Capitol Hill outraged at AIG, and Pakistan confronts instability amid hopes for democratic reform.
Banner image: A tow truck driver loads a Four Runner onto his truck at Superior Toyota of Oakland February 25, 2009 in Oakland, California. In business for just over a month, the 200,000-square-foot mega dealership, unexpectedly shut its doors yesterday throwing about 100 employees out of work. Photo: Justin Sullivan/Getty Images