Detroit In The Slow Lane
Can Detroit learn the lessons of its global competitors in time to survive? America's "Big Three" automakers put it this way: either Congress comes through with a multi-billion dollar bailout, or at least one of them will fail. GM, Ford and Chrysler say "small and fuel-efficient" is now their new mantra. SOURCES: SABC News, South Africa; CNN Espa Full Story »
Posted by Kaizar Campwala
The article takes a cursory swipe at an issue the American media have ignored: the Big Three are not the only auto companies with sales in the toilet. Sales of the highly touted Japanese and European industries are also down as much as 40%. And like the Big Three, European and Asian auto manufacturers are also asking their governments for financial assistance. There's a lot more to this crisis than worry about $6-a-gallon gas.