Word: auto
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...Chrysler bankruptcy makes a bankruptcy at GM harder because the American consumer may only be able to deal with the Chapter 11 of one of its auto companies, particularly the one that is the smallest of the three. But the consumer will almost certainly be forced psychologically, if GM fails as well, to purchase automobiles only from companies which are viewed as financially stable. That means that foreign car companies will have an even greater advantage than they do now. Chrysler lost 48% of its sales in April compared with the same month as last year. Domestic sales dropped...
...There are other practical problems that make a government-imposed Chapter 11 on GM much more troublesome than Chrysler's. The most financially pressing of these are the country's auto parts suppliers. They are facing extended plant closings at all three of the car companies and the bankruptcy filing of Chrysler. Pushing GM into court and risking an extended fight could cut the flow of orders to suppliers by enough that it would ruin a large number of the businesses. These businesses supply the assembly lines of foreign and domestic car manufacturing facilities around the country. The suspension...
...Much has been made of the fact that, as things are currently being planned by the Administration, the government will become the largest shareholder in GM and the UAW will be the largest shareholder in Chrysler. Why would taxpayers want to have a controlling interest in a large auto company along with the portfolio of investments that their elected officials have purchased for them at a number of big banks? The issue is a red herring. In the case of Chrysler and GM, federal money is going into the companies and has to be paid back if the restructuring...
...Administration may have alleviated some people's concerns about the auto industry by saying that Chrysler will be okay. Customers won't be able to tell that Chrysler is in bankruptcy. The government will steer it through the Chapter 11 process in a matter of weeks. Not everyone agrees with this. Skeptics about the Administration's plan may outnumber believers. (See Chrysler's Top 10 Moments...
...quarrel.” They have a distinctive smell, and picking an old book off the shelf, you can find notes and underlinings from when you first read it. As your understanding of literature and the world grows, your books mature with you. Yes, the Kindle has an auto-scroll feature, but it’s not going to help the words leap off the page. If anything, they just become flat and confined on the “no-glare” screen.The Kindle is part of a trend that has contributed to the decline...