In nearly every market at some point in 2008, vehicle manufacturers faced a similar problem: a dearth of buyers either holding tight to their cash as a hedge against possible job loss or unable to obtain loans from banks fearful of collapse....More
The GM-CAW pact was the first domino to fall in a game with no winners. And as sales spiraled downward, culminating in a 21.2% fourth-quarter plunge, auto makers shredded their production plans....More
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