The questionable future of US automakers
What would a Big Three bailout or bankruptcy mean for Asia?
The big three US automakers have requested a $34 billion bailout from the US government to survive. Detailed in their restructuring plans are cost cuts, including staff and debt reductions, for their North American operations, while Asia gets few, if any, mentions.
Chrysler, Ford and General Motors GM, which together encompass the ôbig threeö, employ over 60,000 people in Asia through a network of manufacturing, sales and management offices. GM and Ford both have dominant market positions in China...
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