GM, Ford and Chrysler Near the Brink of Collapse?

News Type: Opinion — Seeded on Mon Jun 30, 2008 8:23 PM EDT

business, ford, chrysler, general-motors, automotive-industry

The proverbial "perfect storm" appears to be upon the US auto industry with the continued rise in fuel prices and what may be a significant downturn in the US economy. These two factors have not only pushed down industry sales in 2008 but the price of fuel has caused a sudden shift in buyer behavior away from highly profitable trucks and traditional SUVs.

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	June car sales plummet; more declines expected	Associated Press	Tue Jul 1	2
	When pickup sales dived, automakers changed plans - Yahoo! News	Yahoo! News	Sun Jun 29	0

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GM, Ford and Chrysler Near the Brink of Collapse?

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