Automobile Manufacturers The U.S. Economy In Crisis

automakers do not seem to enjoy a moment of respite . The demand for off-road car, so profitable and so clean, virtually disappeared as a result of record levels reached by oil prices this summer. Now the financial crisis is global by keeping consumers from showrooms and limiting access of producers to credit. General Motors and Chrysler, which is currently negotiating a possible merger, “are falling slowly out of money and have requested a low interest government loan of 25,000 million whose goal is to help American auto companies to meet the new efficiency standards in fuel consumption.

Meanwhile, Kirk Kerkorian sold its stake of 1.000 million dollars in Ford. The financial crisis is hurting automakers around the world. Toyota believes that its sales fall 2% this year.