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Detroit automakers face collapse after years of missteps
The article traces how Ford GM and Chrysler failed to adapt to rising costs and the shift to fuel efficient cars, while Japanese rivals gained ground. It notes big government loan debates, worker cost concerns, union contracts, and timing with gas prices and credit tightening contributing to near bankruptcy risk.
MENTIONED IN THIS ARTICLE
Detroit
Ford Motor Co
Ford
Congress
Bush
House
Nancy Pelosi
Senate
Harry Reid
Treasury
Henry Paulson
General Motors Corp
Chrysler LLC
Noel Tichy
University of Michigan
General Electric Co
United States
Tony Cervone
Commu
Chrysler
U.S
Washington
Energy Department
United Auto Workers Union
Toyota Motor Corp
Honda Motor Co
Honda
Toyota
David Cole
Center For Automotive Research
Ann Arbor
UAW
Wall Street
Tom Libby
J.D. Power and Associates