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130Congressmen write to Obama praising Japanese automakers

Seeing representatives (and often top executives) from the Big Three automakers lobbying in Washington on behalf of the industry is nothing new. But General Motors, Ford and Chrysler aren't the only companies manufacturing automobiles in the United States these days. So too are a growing number of foreign automakers, chief among them Japanese companies, which are now eager to exercise their own lobbying influence on Capitol Hill.

28Cerberus gives reasons why Chrysler could flop

Cerberus Capital Management shot off a nine-page letter to investors outlining ways that Chrysler could sink, while also pointing out that they believe Chrysler's on the track for success. Some of the possible failure scenarios include a nasty recession, an extreme slowdown in the car market, or a further credit downturn. Credit is already looking green around the gills, and the potential for a widespread domino effect that starts with an implosion of the teetering mortgage business would be cat

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