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How the US fell out of love with its cars - Guardian Unlimited

But after a week in which Ford laid off 30,000 workers and shut 14 factories, McVeigh knows his story is Now part of history, like the homesteaders or the goldrushers, a way of life his grandchildren will never know. He winced at the news. 'You can't do what I did Now. It just could not happen again,' he said in an accent still coloured by his Scots childhood. The statistics tell a bleak story of economic disaster that has seen a whole corner of north-east America dubbed the Rust Belt. The Big Three - Ford, General Motors and Chrysler - have declining market share, crippling pension costs and a product line reliant on deep discounts to sell. Chrysler has been taken over by the Germans and GM posted a $8.6bn loss last week, its biggest since 1992. Ford has been losing market share for 10 straight years. Last week's news Was so bad that few people noticed DaimlerChrysler quietly announcing it too Was axeing 6,000 staff. At the same time, foreign firms have been invading.

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