Consumer spending is slowing and the auto manufacturers are being hit hard this year. When money gets tight, the big ticket items are the first to get cut from the budget, and a new car is “the” big ticket item. Auto analysts are reporting that the U.S. vehicle market could sink to its lowest level [...]
Big Three Bailout
The CEOs of GM, Ford and Chrysler were back on Capitol Hill this past week asking for loans and trying to undo damage they did during the previous auto bailout hearings, and to prevent from seeming like the complete nimrods they acted as during initial hearings. In my opinion, the best thing America can do [...]