Word: carli
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...maintain the flow of credit. But, the comparison is bogus. As John McCain, a military man much of his life, liked to point out to the President during the election, there is a difference between strategy and tactics. There is nothing strategic about Detroit. Over 50% of the cars sold in the U.S. are made by foreign companies. There is no reason that the number cannot go to 80%. It serves the national interest to save the jobs in Detroit and in related industries while the economy is in trouble. It is hard to make the case that any broader...
...Washington will keep Detroit open until the government can afford for it to close. That will not happen during this recession. If the car companies can work their camel though the eye of a needle, it may not happen at all. That is to say, long term, "Made In America" will not be stamped on very many cars...
...More than 30 years later, I recently listened to Ratan Tata, chairman of Tata Sons, the holding company for the sprawling Indian conglomerate Tata Group, describe a family just like mine as the inspiration for the Nano, the ultra-cheap "people's car" that the Tata Group company Tata Motors launched on March 23. "What sparked it off was riding in a car and looking at them and saying, Surely there's a safer way that these people can be transported," he recalls. (See the 12 most important cars of all time...
...debut of the world's least expensive car comes at a time when the entire auto industry is in crisis. Demand for vehicles has plunged with the global recession, hobbling two of Detroit's giants, GM and Chrysler. Even Toyota, the model of a modern car company, is facing its first operating loss in decades. Tata Motors, India's largest automaker, is not immune. Sales of its commercial vehicles and cars have slumped, and debt from the company's purchase last year of luxury brands Jaguar and Land Rover is weighing on Tata Motors' balance sheet. Tata argues that...
...More from Less The Nano is about as basic as transportation gets. It rolls on tiny 12-in. wheels, the tires have no inner tubes, the windshield has just a single wiper and drivers must make do with one side mirror. But it's not simply a stripped-down car. The shell was designed to be rigid with less material, and the body panels are made out of Japanese and Korean steel, giving the exterior a high-gloss look and feel. Delphi designed a streamlined instrument cluster that weighs just 14 oz. (400 g), compared...