For U.S. Automakers, A Tough 30 Years

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.

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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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