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Industry Crisis Essay Topics & Paper Examples

Main Causes of the US Automobile Industry Crisis

Recent happenings in the US automobile industry point to an industry that is steeped in a crisis of monumental proportions, one that it has never had the misfortune of staring at since the advent of the automobile as we know it today. Sales at the Big Three motor companies (Ford, GM, and Chrysler) have touched historic lows, not only pushing industry profitability levels down with them, but also triggering off a rare spectacle characterised by all the largest American carmakers bleeding in red ink. Writing for one of the premier automotive media, Krebbs and Visnic (2009) adduce data fresh from the oven that point to as much. According to Krebbs and Visnic (2009), the American industry posted the lowest levels…