Auto industry crumbles

Americans are way behind on their car loans or vehicle loans with 90 days or so and the New York Federal Reserve, and serious delinquency rates among borrowers with the lowest credit scores have by far seen the fastest acceleration the number is estimated to be 7 million

The seeds of the problem are buried deep in the financial crisis, as the consumer is not earning enough and the expenditures are remaining unfulfilled so much for li....