For U.S. Automakers, A Tough 30 Years
STEVE INSKEEP, host:
Today's last word in business brings us back to the automotive news.
A private equity firm says it is buying Chrysler. The sale price is a fraction of the cost the last time Chrysler was sold, which shows us how the auto industry has changed over the years.
In 1977, to pick a date, General Motors, an American company, owned more than half the U.S. car market. The best-selling car was an Oldsmobile. Today the best-selling car is a Toyota Camry sedan.
And that's the business news on MORNING EDITION from NPR News. I'm Steve Inskeep.