The closing of Chrysler and GM dealerships is going to be an expensive process for Americans. The taxpayers have already been fleeced of billions of dollars to put Chrysler and GM under the thumb of the federal government, but it will be difficult to estimate the additional costs of closing 789 Chrysler and 1200 GM dealers.
House Majority Leader Steny H. Hoyer and Reps. Chris Van Hollen and Daniel Maffei, in a letter today to President Barack Obama, expressed their “growing concern” over the closings of GM and Chrysler dealerships. Moreover, the three congressional Democrats say they want to hear a “compelling justification” how closing healthy dealerships will improve the ailing automakers’ fiscal situation. The three were asking their Capitol Hill | Read More »
At The Truth About Cars, Ken Elias posits that though Monday’s announcement of the GM bankruptcy was a bad day for the once dominant U.S. automaker, it was an even worse day for Toyota. His theory is that GM, bolstered with taxpayer dollars and free from creditors’ demands, will come roaring back with bold new products and lower fixed costs, more competitive than ever: Toyota | Read More »
On May 20, the Anchorage Daily News ran a story with the headline: “Is Obama closing the Soldotna dealership?” Staff writer Sean Cockerman in Anchorage wrote the following: Gov. Sarah Palin’s new statement criticizing Barack Obama blames the president for the closure of a Soldotna car dealership. But the dealership tells me it’s not closing. Here’s the relevant part of the statement Palin put out | Read More »
The Washington Times: Dealers from across the country lobbied desperately on Capitol Hill on Wednesday on the eve of bankrupt Chrysler’s expected announcement that it will close 800 of its 3,200 dealerships. GM is expected to close 2,600, or 40 percent, of its 6,300 dealerships As part of their plans to get taxpayer-funded bailouts from the Obama Administration, GM and Chrysler both had to promise | Read More »
Government Motors(TM), the new automaker which will replace General Motors, has already experienced regime change at the direction of new CEO-in-chief Barack Obama. In light of some recent product mix realignment at GM, one has to wonder if POTUS is not calling the shots on GM’s model line-up as well. Changes at Cadillac, Chevrolet and Pontiac, the GM divisions which were making interesting cars, don’t | Read More »
In a stunning move, the Obama White House announced today that GM and Chrysler must end their involvement in NASCAR stock car racing at the end of this season to remain eligible to receive additional financial aid from the government.
Missouri’s presidential bellwether streak came to an end in 2008. The Show-Me State had voted for the victor in every U.S. presidential election save one since 1904. Now it appears that Missouri picks the winner with exceptions only every 52 years (1956 and 2008). That was just one of several surprises in the state’s political year. One of the biggest political shockers in this state | Read More »
Sam Fox has a Long Island auto dealership which sells Cadillacs, Saabs and Hummers. Let me rephrase that – those are the brands his dealership is authorized to sell. He’s not selling many vehicles these days. You don’t have to try to imagine his frustration because he has let it be known. Mr. Fox has written an op-ed which appears in today’s edition of the | Read More »
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