financial problems for the auto industry

Auto industry update

The US auto industry is long troubled, especially by the strong Japanese competition. Yet it makes efforts to resist to the increases in the oil price and come back with more fuel efficient vehicles.

Chrysler LLC on Wednesday outlined plans to launch a new car-based SUV modeled after the Jeep Cherokee, as other major automakers took the spotlight at an industry conference to pitch their own hurried responses to the surging demand for more fuel-efficient cars.Read More »Auto industry update