Wednesday, February 18, 2009
No Cars Go: The Failing American Auto Industry and You!
Posted by Mark on Wed, Feb 18, 2009 at 12:00 PM
From today's Times:
The disclosures by G.M., contained in a viability plan submitted to the government, means that G.M. plans to cut its brands in half, to four: Chevrolet, Cadillac, Buick and GMC.
It said last fall that it would try to find buyers for Hummer and Saab. On Tuesday, it said it would decide on Hummer's fate by March 31.This cannot stand. It's precisely because Americans are no longer accruing long-term debt with their local banks so as to spend exorbitant amounts of money on conspicuously consumed status symbols that we're in this recession. The stimulus bill should be amended to include a $15,000 tax credit for buyers of new Hummers. $18,000 if you get it in yellow.
More on this situation as it develops. (Maybe not more from us, but, you know, in the news or whatever.)
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