Upside/Downside: assessing the future of the domestic auto industry

Friday, February 20, 2009
Topics: Economy
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In this week's edition of Upside/Downside we consider the future of the domestic auto industry. Chrysler and Genereal Motors this week unveiled plans to retool their operations so they can return to profitability. Their plans include 50,000 layoffs worldwide, closing 14 plants, and perhaps most notably the companies say they need more loans to keep going. John Heitmann is a professor at the University of Dayton and an expert in the auto industry. He spoke with ideastream®'s Eric Wellman