Industry underwater.
Several of you have called our Apology Line (202.371.1775.) to confess responsibility for helping drag down Detroit. The messages reflect a collective guilt of sorts for dwindling sales of U.S. cars and trucks from the Big Three. But the latest slew of news may not help assuage that guilt.
Just a week after Chrysler was ushered into bankruptcy, GM seems poised for another round of deep job cuts to avert a trip to bankruptcy court of its own.
And that comes as the Bureau of Labor and Statistics reports 29,100 automotive production-related jobs vanished in April, bringing the total number lost in the past year to 221,400.







Comments
Discussions for this story are now closed. Please see the Community FAQ for more information.