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November 18, 2008
Auto industry turmoil spreads overseas

Ford announced Tuesday that it will raise money by cutting its stake in Mazda Motor Corporation as the automotive industry suffers from the global financial crisis.

Joseph Foudy, a global economics professor at New York University, discusses the automotive industry’s turmoil and the role of the “Big Three” automotive companies — General Motors, Ford and Chrysler — in the American and global economies.

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Comments

3 comments

#3

Very insightful

#2

Dr. Foudy knows what he is talking about. Very informative and accurate.

#1

This is the most accurate overview of the current auto crisis
that I have seen. You should interview Dr. Foudy often.

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