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General Motors, once a global giant and for long the number one company in the world not to mention the undisputed leader of the US is today on a path of steady, some say terminal, decline along with the rest of the US automobile industry. Some indeed argue that this is but symptomatic of the overall decline of the US manufacturing sector in general, giving way to services, especially financial services, in the present phase of late capitalism, but that’s another article!
CHRYSLER FOR SALE
As for the US automobile industry and its long dominant “Big 3” in the Detroit belt, that is General Motors, Ford and Chrysler, stark evidence of its decline was the decision last week by DaimlerChrysler to put its US arm, Chrysler Motor Corporation, up for sale and offers made for it of around US$ 4...
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