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Random featured blog entry from cactor

Credit crisis compounds auto industry problems

Posted 09-04-2008 at 06:31 PM by cactor
I was shocked recently to hear that GM might be facing bankruptcy, I mean this is the world's biggest auto maker, how could they possibly be in debt?
the problems facing auto makers is that fuel prices are going up and the cars are not efficient enough. but now there seems to be a another problem, the credit crisis created by the mortgage mess has spilt else where, according to breadmarket fewer people are qualifying for loans to finance new car purchases, taking away a huge chunk of potential...
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