Three American Motor Conglomerates

With the economy continually tanking and fluctuating, recently an American car company heavy hitter announce their bankruptcy.

Chrysler has been a popular brand of cars for many years and their announcement to become bankrupt was just one of many hints that proved the economy tanking.

Of course, this news does not entirely mean that the economical state of Chrysler is completely in the tank; they will remain bankrupt until they can stand on their feet again.

But with other leading American brands like GM are facing hard times as well. GM just announced their detachment of Pontiac cars from their corporation.