Is China Detroit’s Lifeline?
May 12th, 2009 | By Keith Fitz-Gerald | Category: Featured, International InvestingAs deep as the U.S. auto industry’s financial crisis seems to be, there may actually be a fairly simple solution. Sell out to China. Nearly a decade ago, I warned that Detroit’s Big Three – General Motors Corp. (NYSE: GM), Ford Motor Co. (NYSE: F) and Chrysler LLC – had better learn to speak Chinese if they wanted to survive.