Friends,
In case you’ve missed out on the fun carnage in the American automotive industry, the dreadnought that is The Truth About Cars has been on the case. Could it be worse than Fiat buying 35% of Chrysler with no money? Yes!
- Former Beijing Jeep getting loans from the City of Beijing to buy Chrysler? Vipers flooding Tiananmen Square coming soon.
- The United Auto Workers agree to take an equity stake in Ford rather than cash to fund their health care trust. To save costs, analgesics will be mixed in the paint. If grandpa gets a headache, he’ll have to lick the Mustang.
- Some old guy thinks GM should go bankrupt. Condemns unions for not planting apple trees now for workers to sell on street corners later.
I even heard a discussion on NPR today about whether America even needs a domestic auto industry. Astounding.
– bob
UPDATE: Added link to Warren Olney’s To The Point program from yesterday. Who needs a Stairmaster when this’ll get your heart rate right up there?