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A British Lesson on Auto Bailouts (New York Times)
In a classic example of a futile government intervention, British Leyland went through billions in taxpayer money before going out of business.
Analysis: European car sector needs cash (Middle East Times)
BERLIN, Nov. 18 (UPI) -- General Motors is not alone: European car companies are also in need of cash to avoid bankruptcy, with EU officials mulling continent-wide bailout plans.
Leading article: The US car industry is stalled on a road to nowhere (Indepen...
In olden times, when the United States was lauded as an engine of global enterprise and innovation, the ageing behemoth of its domestic car industry was conveniently forgotten. While the age of coal and steel was allowed to pass, leaving metal ghost towns...