The current condition of General Motors, Chrysler and Ford Motors is a cause of concern for the automobile industry. The ailing auto makers are in dire need of help. The so-called Big 3 is currently experiencing internal bleeding due to the slow down in the auto market. The market is shrinking as a result of the current financial crisis that is crippling the economy.

In fact, even its competitors cannot stand the impending collapse of GM. Giant automobile manufacturers such as Toyota Motor, Honda Motors and other auto makers said if the Big 3 will fold down, the automobile industry will be greatly affected. Competition for the already shrinking market will become stiffer as new players will enter the market. The Big 3’s failure will also affect the auto parts suppliers as this will lead to their bankruptcies due to the collapse of their biggest clients, the Big 3.

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Posted by Jones on December 20th, 2008 :: Filed under $$$ COMPANIES, $$$ CRISIS, SIMPLY SCANDALOUS
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