The American auto industry was already off-roading it before the economic downturn and the latest bad news is a just another sign that the wheels might be coming off:
- Outlook poor for Ford, GM cash reserves
- GM-Chrysler: Stuck in neutral
- Investor Sheds a Major Stake in Ford
- AND Ford was down 3.23% and GM was down 5.35% today.
Unfortunately, it looks like they’re taking us along for the ride!