Word: auto
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...Chairman Richard Wagoner said in February that as part of the company's ongoing restructuring the automaker was withdrawing its support from Saturn at the end of 2011 model year. Vice Chairman Robert Lutz told reporters at the North American International Auto Show in January that GM had mounted an expensive overhaul of Saturn by adding a new sedan, a new crossover and a new hybrid. Saturn sales, however, have fallen by more than 40% during the first two months of 2009, and appear to have tumbled again during March. "Everyone is hurting, but Saturn is hurting more," says...
...very important part of our transformation plan, and when we're through, we'll be competitive with the best companies in the world that operate here in the U.S. What we have done together is going to secure the future of many opportunities to be in the [American] auto industry...
...best cars from the 2009 Detroit Auto Show...
...what was happening for years, for decades, but we ignored it or shrugged it off, preferring to imagine that we weren't really headed over the falls. The U.S. auto industry has been in deep trouble for more than a quarter-century. The median household income has been steadily declining this century ... but, but, but our houses and our 401(k)s were ballooning in value, right? Even smart, proudly rational people engaged in magical thinking, acting as if the new power of the Internet and its New Economy would miraculously make everything copacetic again. We all clapped our hands...
...soaring costs under control. Indeed, Baucus' proposal, unveiled in an 89-page white paper eight days after the election, was even more ambitious than Obama's, adding a requirement that individuals who are not covered by their employers purchase their own health insurance, much as car owners must carry auto insurance.(Read "Senate Democrats Optimistic on Health Reform...