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For U.S. Automakers, A Tough 30 Years
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For U.S. Automakers, A Tough 30 Years

Business

For U.S. Automakers, A Tough 30 Years

For U.S. Automakers, A Tough 30 Years
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Chrysler's struggles reflect the change in the U.S. auto market over three decades. In 1977, General Motors owned more than half the entire U.S. market and the best-selling car in America was an Oldsmobile. Now, the best selling car in the U.S. is a Toyota Camry sedan.

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.

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