Word: auto
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...companies still had to compete with bicycle manufacturers. The auto business is tough enough already...
...American auto industry get its act together? KGB: It may be because the industry had lots of problems encountering they need to focus on. (Response time: 2 minutes...
Leaving aside the auto industry which may be supported by the government, no single industry is likely to lose more jobs over the next year than retail. Analysts believe that over 70,000 individual stores could be closed in the US between now and mid-year...
...Auto suppliers are being asked to drop prices on components, but many of these firms are already close to bankruptcy on their own. Price concessions may simply create another set of companies that need government assistance...
...circumstances of the failing U.S. auto market make it significantly more likely that GM and Chrysler will not get the funds they want to stay independent. The federal government may force them into Chapter 11 while providing funds to keep them operating indefinitely. Congress and the Administration may decide that supporting Detroit is necessary because closing the firms would put so many people onto the unemployment line. More job losses, of course, would in large part negate the goal of the stimulus plan to add three to four million new jobs to the economy over the next two years. From...