NYTimes reports Massive Auto Layoffs in Russia

Here is a sobering story from the New York Times for those who have the idea that there are vast markets for autos in Russia, India and China that will rescue the global auto industry, much less GM and Chrysler. Some argue that huge, underdeveloped countries will drive industrial and manufacturing production that will make for global economic recovery. This articles description of manufacturing in Russia paints a stark picture. Read here.