U.S. auto industry still deep in rut

US car company CEOs ready to complain to president.

The decline of the American auto industry continues, as the Financial Times reports:

“The chief executives of the three US carmakers will tell President George W. Bush on Wednesday that US energy, healthcare and trade policies are blunting their competitive edge against fast-growing Asian rivals.

Mr Bush is to meet Rick Wagoner of General Motors, Alan Mulally of Ford and Tom LaSorda of Chrysler, a division of Germany’s DaimlerChrysler. The get-together, initially set for last spring, will be the president’s first with all three executives.”

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