Auto Industry Collapse: Who Gains From Detroit's Pain

digg Share this on Facebook Huffpost - stumble reddit del.ico.us RSS

US News And World Report   |  Rick Newman   |   December 3, 2008 11:30 AM


You'd think an automotive apocalypse was nigh. In their pleadings to the government, executives from General Motors, Ford, and Chrysler make it sound as if the entire U.S. auto industry will crash if they don't get billions in aid. But we're forgetting something: Americans will still need to buy cars, even if they don't say GM or Ford or Chrysler on the badge.

Once the recession fades and prosperous times return, in fact, Americans might buy 16 million or 17 million cars per year, a lot more than the 12 million or fewer they'll buy this year. So who will get all that business? Here's some handicapping on who might benefit from the woes in Detroit:

Read the whole story here.

You'd think an automotive apocalypse was nigh. In their pleadings to the government, executives from General Motors, Ford, and Chrysler make it sound as if the entire U.S. auto industry will crash if ...
You'd think an automotive apocalypse was nigh. In their pleadings to the government, executives from General Motors, Ford, and Chrysler make it sound as if the entire U.S. auto industry will crash if ...
 
Comments
0
Pending Comments
0
iPhone App Promo

Want to reply to a comment? Hint: Click "Reply" at the bottom of the comment; after being approved your comment will appear directly underneath the comment you replied to

View Comments:
Comments are closed for this entry

You must be logged in to reply to this comment. Log in  or  Connect

 
Right Now on HuffPost
YOUR SOCIAL SECURITY NUMBER CAN BE GUESSED

Researchers have found that it is possible to guess many -- if...

Obamas Tour The Kremlin

MOSCOW — Russia's first lady Svetlana Medvedev took...