Word: detroiters
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...total fell 44%. Slow sales means slow production, which is where automakers get their revenue, so the results put a real dent in cash flow. At the beginning of the month, GM and Chrysler both had more than five months' supply of unsold cars. (Read about the CEOs behind Detroit's Big Three...
...auto companies have a huge reservoir of public affection from which to draw. Outside of some Congress members from Michigan, Ohio and Indiana, there haven't been many voices speaking out with any variation of "Save Detroit...
...photos of the remains of Detroit...
...pictures of Detroit autoworkers...
...debating how to bail out GM and Chrysler during the worst auto industry slump in decades, China has been scrambling to come up with its own rescue plan for its ailing carmakers. But unlike Washington, which is providing billions of dollars to prop up the balance sheets of the Detroit giants, China is taking a different route: it's trying to get consumers to buy more cars through a sales tax break and targeted subsidies for rural buyers...