Slate provides an interesting and informative article on the third American (ok part German too) automaker to find trouble on the balance sheet, a situation that threatens to have the suddenly telegenic Dr Z., share in the pain of Americas other two large car makers.
Indicative of the slump in the American economy (and its eventual impact in the manufacturing sectors of Canada) Daniel Gross explains how Chrysler suddenly showed up on the risky radar, this after successfully staying off the watch list for so long.
Even more alarming for the Chrysler faithful is a lack of planning to replace the gas guzzling SUVs and such with more energy efficient offerings. Perhaps they are banking that gas prices will continue on their downward trek of late, returning to the days of endless supplies and low prices.
A rather risky strategy if that's the case.
Always informative about economic issues, Gross nicely sums up the mess that North America's large auto industry finds itself in these days. Check out the full article here.
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