Marketplace has a new podcast for kids, "Million Bazillion!" EPISODE OUT NOW

Auto show rides industry changes

Stephen Beard Sep 15, 2009
HTML EMBED:
COPY

Auto show rides industry changes

Stephen Beard Sep 15, 2009
HTML EMBED:
COPY

TEXT OF STORY

Bill Radke: The Frankfurt Auto Show opens today. It’s a key event at a difficult time for the auto industry as Stephen Beard reports from our European Desk.


Stephen Beard: This is the first big car show since the industry underwent a series of major changes — among them Fiat buying Chrysler, and GM selling a majority stake in its European division.

This looks like a really challenging month for the car industry. After last month’s upsurge due to the ending of the U.S. “Cash for Clunkers” program, global sales in September are expected to slump, down some 19 percent on the same month last year.

All this makes Frankfurt even more critical than usual. Opel is pinning its hopes of revival on a version of its Astra compact. Other companies are stressing the green theme. Mercedes is showing a new fuel cell vehicle. But Nissan, Honda and Mitsubishi are not showing up at all in Frankfurt to cut costs.

In London, this is Stephen Beard for Marketplace.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.