The crisis in the US car industry has been many years in the making, writes Peter Westmore.The bankruptcy of Chrysler and the looming collapse of General Motors, two of the “Big Three” motor vehicle manufacturers in the United States, show the depth of the financial crisis engulfing the US economy. Hundreds of thousands of jobs have been lost in this industry alone.The third manufacturer, Ford, is expected to reach the same point in about a year’s time.The effect on American industry and employm…
