This "cash for clunkers" program has almost the same features that broke the real estate industry. In the long run, buyers of new cars will eventually fail to meet monthly payments. Banks will repossess them, creating another economic debacle. Rudy...
Re: "Buyers gain as dealers cut loose -- 44,000 bargains sit on Chrysler lots with just a few weeks to be sold," Monday Business. Finally, someone in business is experiencing humility for excesses. Unfortunately, the corporate rationing of GM and...
Re: "Bankrupt Chrysler pins hopes on Fiat -- Leaner cars, company planned; U.S. to give $8 billion more in aid," Friday news story. Do not think of the union's ownership stake in Chrysler as payback for contract concessions. Think of...
Re: "Bankrupt Chrysler pins hopes on fiat -- Leaner cars, company planned; U.S. to give $8 billion more in aid," Friday news story. The president is making sure I never buy another GM or Chrysler product. (I own one of...
As a young copyeditor, I once asked, while working on a State Fair Auto Show special section, "Who makes Chrysler?" Now I know: It's Fiat. In a change of pace, since Jim Mitchell has already covered the serious part of...
...I'm curious how people expect this to work out. It's not enough to say smaller and leaner, or this shouid have happened months ago. i understand the logic behind the financial workout, but I'm still having a tough time --...
Re: "U.S. behind the wheel -- Obama demands restructuring before GM, Chrysler receive more federal aid," Tuesday news story. President Obama "has no interest in running GM." He only wants to remove the chairman and the board of directors, tell...
Re: "U.S. behind the wheel -- Obama demands restructuring before GM, Chrysler receive more federal aid," Tuesday news story. OK, so the government has forced GM CEO Rick Wagoner to resign as a result of his company's financial woes --...
Know what I find to be the most interesting part of the government's ouster of GM's Rick Wagoner and its arm twisting of Chrysler? It's the depth of the government's day-to-day involvement in management, and that Wagoner, an auto...
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