Politics
Politics
Out of context: Reply #6347
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- TheBlueOne0
Was the auto industry in "crisis", probably not. GM was because of GMAC (it's financial division).
We do have a financial sector crisis in this country and a housing industry crisis. Auto industry was killing itself by slow suicide...
But the whole problem is that GM is so tied into so many ancillary businesses - auto parts suppliers, dealerships, rental agencies, etc. That it's failure could have profound effects on an already reeling economic situation.