The automaker turmoil

The last to fall is Chrysler. Unexpetected? No. We do not understand the reason, guys like Iacocca or Alfred Sloan did not have actually, any inheritor, in the American auto industry.

DaimlerChrysler AG may sell or seek partners for its unprofitable Chrysler division, abandoning its vision of building a successful carmaker that sold luxury Mercedes-Benz sedans as well as Dodge pickup trucks.

For long time, the American auto industry lived in a kind of separated market, delighted with the dream idea of a one dollar a gallon of gasoline. Big cars wasting energy and lots of horsepower devastated the automakers.

What about now? The Asian guys will have even more power in the future, because actually, they are Japanese and Korean, but in the future they will be also Chinese and Indian.

We hope, next Administration will not have any protectionist idea!