4 Articles
1 / 1
42

Now that the domestic industry is in dire need of cash, the American taxpayer is being bombarded with facts and figures purporting to show just how vital the industry is for the health of the overall economy. Hundreds of thousands of jobs at the automakers, millions more from suppliers and dealers -- the numbers seem to change each time, but they're always substantial. Problem is, it seems only GM and Ford ever get quoted, so Chrysler went ahead and whipped up its own little video. Hit the jump

36

Click above for more high-res shots of the Chevy Cobalt SS

1

The momentum that General Motors was starting to get with its hybrid sales hit a major speed bump last month. October was a month were the business news was largely dominated by the a fast freeze in the world's credit markets making it incredibly difficult for anyone to borrow money. Relatively few people can actually afford to buy any new car for cash. That's especially true for big trucks and SUVs like the Chevy Tahoe which often list prices upwards of $50,000. In September, GM finally managed

19

The mortgage meltdown and the financial crisis on Wall St. is one of the biggest stories of the decade, but another serious problem is hitting automakers in very much the same way. All those real estate agents and mortgage brokers that reaped the rewards of the housing boom are losing their Bimmers and Lexuses because the money train flew off the tracks. Repos in the US are poised to hit the 1.9 million mark, which is 15% more than in 2007. Construction workers that ponied up big cash for an exp

1 / 1
Share This Post