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Plaudits and potholes
2006 was a year of surprises in the auto industry - most of them bad.
By Alex Taylor III, Fortune senior editor
Intro
Tom LaSorda, left, CEO of Daimler Chrysler AG's Chrysler Group, Rick Wagoner, center, CEO of General Motors Corp., and Alan Mulally, CEO of Ford, met with President Bush in November to discuss issues affecting the auto industry.
General Motors announced a shocking $10 billion annual loss early in the year, and just so it wouldn’t be lonely, Ford and Chrysler came along with their own billion dollar losses later on. Delphi, the bankrupt parts supplier, found some of its former top executives under investigation by the Securities and Exchange Commission for cooking the books.

That alone would be enough to make 2006 memorable. Here are some other events of the year just passed that won’t soon be forgotten.
The world according to Ghosn After the collapse of alliance talks with GM, the globetrotting CEO is going it alone - at least for now. (more)
Too soon for a GM victory lap Kerkorian selling his stock removes a big psychological barrier. But beleaguered General Motors CEO Rick Wagoner still faces many hurdles ahead. (more)
Best resale value cars After five years, most cars are worth a fraction of their original cost. These models do the best, according to Kelley Blue Book. (more)
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