Word: carse
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Nearly 80 years ago, around the time a Kansas-born carmaker was putting his name on the newest, tallest, shiniest building in the world, a young auto mechanic named Morris Weinberg opened a repair shop on busy Brooklyn Avenue in Kansas City, Mo. As he modestly prospered, fixing and selling...
Neither can General Motors'. The company is in the process of axing 1,100 of its 6,000 dealers. When the march of time, the sins of management and the scythe of a bad economy conspire to bankrupt once great companies, who pays? The sort of person, in the words...
Fueled by abundant and cheap gas and the availability of rubber-tire production, the U.S. vehicle market grew to a 16 million-unit-per-year business. This year that number will be under 10 million, which will cause nearly every auto company doing business in the U.S. to show red...
Obama's defenders will point to the concessions the Administration forced Detroit's autoworkers to make in the arranged-bankruptcy negotiations with Chrysler. It is true that the United Auto Workers (UAW) got less than it asked for. But without Obama's billions in auto subsidies, it would have gotten...
Instead of meddling in the management of domestic auto companies, Obama should use his immense political capital to make a policy decision that no recent President has shown the guts to make but that would be greatly in the national interest. A stiff new gas tax, phased in as the...