Automakers Stumble Creates Domino Effect

With the auto sales slowing to a halt and at some of the lowest levels in decades, the impact is beginning to reach far and wide.

For example, technology companies are starting to feel the hurt as their products, like GPS components, are no longer in demand.

Source: oneighturbo.com

Marketwatch reports:

"The shakeout from problems in the American auto industry is having a ripple effect across the country -- and straight into the high-tech sector.

The plunge in demand for new cars has led to desperate measures by some in the industry. One car dealer in Nebraska resorted to stealing its own cars, while another in Orange County, Calif., pleaded guilty to charges of bilking finance companies to purchase luxury vehicles. In Pennsylvania, a dealer set fire to some of his inventory."

Read more here.

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