The Auto Industry 2009 Wrapup: Apocalypse Now

{ Posted on Dec 22 2009 by Auto Trade School }
Categories : Cars

The best thing that might be said about the year the auto industry - and an economically battered nation – is preparing to close: it probably can’t get any worse.

The year 2009 brought two high-profile bankruptcies, billions of dollars in government bailouts and funding for Cash for Clunkers and thousands of lost jobs. Similar upheaval – though not as catastrophic as predicted – came to the tightly integrated supplier industry. Several historic brands were relegated to the archives.

And those are just the major stories.

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