On the Skids: Are U.S. Automakers Running Out of Time?

The global financial crisis is hurting sales for automakers worldwide, but the U.S. Big Three are falling into a deeper hole than most. With sales down as much as 25% this year, GM and Chrysler are discussing a merger even as they are reported to be running out of cash and in line for early access to a $25 billion low-interest government loan. Kirk Kerkorian, meanwhile, is selling his $1 billion stake in Ford. Wharton Professors John Paul MacDuffie and Larry Hrebiniak talked with Knowledge@Wharton about the industrys challenges.

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Education

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• knowledgeatwharton
• US
• automakers
• Ford
• General
• Motors
• Chrysler
• gas
• mileage
• business
• economics

[emforty2]

how come detroit has this problem? bloated products and product line ? bloated management and salaries ?

Hyundai USA sales is up 14%

Toyota overtook GM last year as #1 automaker worldwide on a "Bad Economy" GM is talking about

Kia and Honda opened a plant in the USA just last month