June 17, 2009, 8:30 - 10:00 AM - Hudson Institute, Washington, D.C. Headquarters
Causes and Consequences for American Recovery
Wednesday, June 17th
Sands, Klier, and White
Over sixty years ago, Peter Drucker famously described the automotive industry as the "industry of Industries" because the production of a motor vehicle drew on so many other industries. Employing people from the steel, glass, semiconductor, and robotics industries, it is still true today. What are the consequences for American economic recovery if the auto industry collapses — or remains weak and unprofitable — for a prolonged period?
The automobile industry worldwide is in the midst of an unprecedented crisis. The bankruptcies of Chrysler and GM have made taxpayers major shareholders in these carmakers. What do the next six months hold for the industry? How will Ford fare in competition with GM and with a potential Chrysler-Fiat merger? Are the Asian and European assemblers in North America faring any better?
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