As a condition of grazing at the public trough, Congress will be appointing a “Car Czar” to oversee the U.S. auto industry. As with many projects undertaken by Congress, there is a great chance the effort will be misguided and the execution flawed.
Will the incoming Czar know anything about the auto industry they’ll be [...]
As Automakers are struggling to stem their cash burn rate and stay in business, they are offering some truly fantastic incentives to get conusmers into new vehicles. 2 for 1 cars anyone?? Not yet, but there are some fantastic buys available. Most dealers say that, despite the well publicised financing problems, there is financing to [...]
Many reports are circulating that General Motors is strongly considering “shedding” 4 of their brands; Saab, Saturn, Hummer, and Pontiac, in an attempt to return to profitability. They’ve been trying to rid themselves of Hummer for quite some time. If there were no takers when gas was expensive, one may step up now that it’s [...]
Today is the day executives from the Big 3 Detroit automakers; Ford, GM and Chrylser go to see Congress, hat in hand, to ask for more money. In exchange for this largess, they’ll be told what kind of cars they need focus on in the future.
What do members of Congress know about the auto business? [...]
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