The Big Three....
Ford, GM and Chrysler.
Who's going to save them? And the US Economy?
Car makers from Europe and Asia may be the only hope America has of saving its' "Big-Three" auto companies from almost certain doom in the face of the Global Financial economic meltdown.
An article in the New York Times suggests that if one of General Motors, Ford or Chrysler were to go down there would be a huge "dent" put in the side of the US manufacturing industy, but in the long term foreign based firms like Toyota could save the day.
Gradually, the auto industry has already become less American. The smallest of the Big Three, Chrysler, was owned for a while by the German company, Daimler, before it was returned to American ownership in the form of a privately held company in a much slimmer state than its once starring role in Detroit.
Read more from the New York Times.
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