Wednesday, March 15, 2006

The end of the G7

Ever since the days of Henry Ford, Detroit has been the hub of the world’s motor industry. Motor City boasted the big three -- Ford, General Motors and Chrysler -- but it is now a shadow of its former self. Chrysler has been swallowed by Daimler, while between them Ford and General Motors have announced 60 000 job cuts.

( Full story here )

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