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Detroit back from the brink? auto industry crisis and restructuring 2008–11
While it is hard to say how much of the current auto sector recovery is attributable to government intervention, the ensuing restructuring of the Detroit Three has substantially changed the industry in the U.S.
Making cars smarter: The growing role of electronics in automobiles
Electronics make up nearly 40% of the content of today?s average new automobile, and their share will continue to grow. On June 2, 2011, as part of the eighteenth annual Automotive Outlook Symposium (AOS), the Chicago Fed hosted a panel of experts at its Detroit Branch to examine the current and future roles of electronics in motor vehicles.