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《Crash Course The American Automobile Industry's Road to Bankruptcy and Bailout-and Beyond By Paul Ingrassia》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。
1、Formyparents,ReginaandAngeloIngrassia,wholefttoosoon.ContentsTIMELINEONEWheretheWeakAreKilledandEatenTWODynastyandDestinyTHREEGloryDaysofPoniesandGoatsFOURCrummyCarsandCAFESocietyFIVEHondaComestotheCornfieldsSIXRepentance,Rebirth,andRelapseSEVEN“CarJesus”andtheRiseoftheSUVEIGHTPotholesandMissedOp
2、portunitiesNINEFromRichestoRagsTENTheHurricaneThatHitDetroitELEVENChapter11?TWELVEAsthePrecipiceApproachesTHIRTEENBailouts,Bankruptcies,andBeyondAFTERWORDAnotherChanceACKNOWLEDGMENTSNOTESTimelineONEWHERETHEWEAKAREKILLEDANDEATENItreallywasn’tintendedtobeaprophecy.Itwasjustasmart-aleckyT-shirtwornf
3、oryearsbylocalteenagerstoannoytheirparentsandshowtheirperverseprideintheMotorCity’stough-townimage.Itsaid:DETROIT:WHERETHEWEAKAREKILLEDANDEATEN.Butthemenacingmessageseemedalltooappropriateinthebleakwinterof2008–2009,whensignsofweakness—indeed,desperation—eruptedeverywhereinDetroit.Onebankruptcar-
4、componentscompanyeconomizedbyservicingthebathroomsinitssuburbanheadquartersonlyeveryotherday.Someofthebathroomsranoutoftoiletpaper,promptingemployeestohoarditorbringtheirownfromhome.Inthecityitselfemploymentprospectsweresobleakthatsomeprisonersbeggedtostayinjailtogetfoodandshelter—“threehotsandac
5、ot,”inthelocalparlance.Thecity’sbatteredeconomywasre8ectedonthefootball9eld,wheretheUniversityofMichiganwasenduringits9rstlosingseasoninfortyyears,andtheDetroitLionswereplummetingtoprofootball’s9rst0–16season.Duringtheir47–10drubbingonThanksgivingDay2008,fansunfurledabannerreadingBAILOUTTHELIONS.
6、Itwasagallows-humorreferencenotonlytothefootballteambutalsototheweakestteamsintown—GeneralMotors,Ford,andChrysler.SincethebeginningofthecenturyAmerica’sBigThreecarcompanies,bleedingfrommorethan$100billioninlossesinfouryears,hadshedmorethan333,000employees,enoughtopopulatethecityofCincinnati.InNov
7、ember2008GM’sstockclosedbelow$3ashareforthe9rsttimesince1946,whenHarryTrumanwaspresident.Toconservecash,thecompanyendeditsnine-yearendorsementdealwithgolferTigerWoods,whowasmakingmoremoneythanGManyway.ThatsamemonthDetr
