As General Motors and Chrysler faced deadlines on Tuesday on plans to re-invent themselves in return for billions in bailouts in the U.S., automakers in Europe reported significant new declines, including Germany’s Daimler, which is still a part owner of Chrysler.
Marcus Mabry, international business editor at The New York Times, speaks with Martin Savidge about parallels between struggling U.S. industries and those in Europe and Asia, how foreign automakers are coping and the future of real estate markets abroad.
