People depend on their cars for everyday life. They need it to go to work, school, and events. What if one day the automotive industry crashes? However, The Big Three Companies such as General Motors, Ford, and Chrysler, almost did crash do to their debt, lack of effort put in their companies, bad business decisions and foreign competitors. Automotive industry crisis can be defined as the time in late 2008 when the Big Three automotive companies where on the verge of going bankrupt, so they came to the government for money. If they didn't receive the money from the government within a certain time frame then they would have to file for bankruptcy and millions of automotive factory workers would have lost their jobs. Another issue that influenced this crisis was foreign competitors. American people started buying cars from foreign companies such as Honda and Toyota.

Preena N

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