Sunday, May 17, 2009

Startling Look at the Fading Auto Industry

Several publications this week noted the closing of hundreds of car dealerships across the United States. Once the backbone of the American dream, the auto industry is drastically paring its dealerships. CNNMoney.com provided a map (at right) of the Chysler dealerships closing their doors, nearly 800 or one-quarter of the total number. Meanwhile, GM announced that 2600 dealerships were being eliminated. The closings will have a near immediate ripple effect across the country as many lose their jobs and communities will feal the impact of additional unemployment.

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