Have you've been watching car prices lately? They seem to go up every month. Forget everything you've been reading about sales incentives, bargain leases or low-cost financing. They just mask the fact that automakers are quietly bumping up MSRP's every chance they get.
Back when I was a UAW member many moons ago, earning my college tuition by busting my ass in the factories, the union was an incredibly powerful labor organization. With nearly 1.3 million members, it had enormous political clout in Washington, D.C. And thanks to a monopoly on automotive labor, it could bring the entire American auto industry to a grinding halt by merely snapping its fingers. But then the world changed.
General Motors can be pretty ham-handed when it tries to manipulate public opinion. The latest gaffe involves the company's newest advertising campaign, bragging to the public that it paid off its $8 billion in government loans. Listening to those ads you might be misled into believing that GM had paid off everything. But it never mentioned the other $42 billion that taxpayers poured into the company.
When oil prices shot over $100 a barrel a year ago, I was inundated with press releases from inventors claiming they had an engine that would solve the energy crisis. In most cases, I simply deleted each release and went on with my work. You see, I've seen this all before.
One of the more intriguing tidbits that dribbled out of Chrysler's grueling 8-hour press conference on Wednesday is that the company is considering getting back into the heavy truck business. They're not talking about heavy duty pick-ups, they're talking about 18-wheelers.
On this week's Autoline After Hours, John McElroy, Peter "Autoextremist" DeLorenzo and BusinessWeek's David Welch are joined by Erich Merkle, President of Autoconomy, to discuss the week that was in the world of automobiles. We suspect a large part of the discussion will center on the imminent demise of Saturn after Penske pulled out of its deal with General Motors to take over the ailing brand and its considerable dealer network. Make the jump to get in on the insider conversation, and be sure
In this week's episode of Autoline After Hours, John McElroy, Peter "The Autoextremist" DeLorenzo, and David Welch of BusinessWeek are joined by the dean of automotive journalism, David E. Davis, Jr., for an unusually candid discussion about the issues and events affecting today's auto industry.
- Biggest automotive sales disappointments
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models