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South Korea's fourth largest automaker, SsangYong Motor, owned by the Chinese automobile manufacturer SAIC (Shanghai Automotive Industry Corporation), is the worst affected company in this crisis as it manufactures mainly heavy petroleum consuming SUVs. The carmaker recorded its fourth straight quarterly losses by the end of 2008 with red ink ...
A resurgence within the automotive industry and Detroit’s “Big Three” helped boost those efforts, Johnson said. ... “It was the most infamous symbol of Detroit’s decline, the ...
The auto industry is a key component of the U.S. economy. Economists used 2007–2008 data to build estimates of what a shutdown would cost in summer 2008, in order to set benchmarks to help policy makers understand the impact of bankruptcies. Such estimates were widely discussed among policy makers in late 2008. [40]
Detropia is a 2012 American documentary film, directed by Heidi Ewing and Rachel Grady, about the city of Detroit, Michigan. [1] It focuses on the decline of the economy of Detroit due to long-term changes in the automobile industry, and the effects that the decline has had on the city's residents and infrastructure.
The change, which might be the biggest in the history of the auto industry, has major implications for the business and for its workers. U.S. automakers say they sold almost 14 million new cars ...
If value investors take a close look at the Detroit automotive industry, ... the stock has lost traction over the past 10 years with an 18% decline compared to the broader S&P 500 index's 195% ...
Its main complex is located north of Wayne State University. In August 2009, Michigan and Detroit's auto industry received $1.36 B in grants from the U.S. Department of Energy for the manufacture of lithium-ion batteries which are expected to generate 6,800 immediate jobs and employ 40,000 in the state by 2020. [108]
DETROIT — The auto industry has an addiction. It’s a “capital junkie” that’s been on a yearslong binge of unprecedented spending on all-electric and autonomous vehicles. And now, it’s ...