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There is a much more acute problem which is that many of the dealers that are going to be closed will go bankrupt. Estimates vary, but these dealerships probably have about 80,000 vehicles in inventory. The franchises will rush to sell them to get cash to handle obligations. Dealers...
If 80,000 very low-priced new cars are added to the most depressed market in decades, it will create a nearly perfect way to destroy sales for The Big Three just as new models for 2010 are being introduced. It is hard enough to attract new buyers to the...
The government and the two big U.S. car companies faced a balancing act between cutting the size and complexity of their distribution networks quickly or doing it in a more orderly fashion. Customers might have been encouraged to stay if the manufacturers offered special financing on cars owned by shuttered...
Indonesia in 1964 is teetering on the edge of civil war. Sukarno's "guided democracy" is in its death throes, and militant communism is on the rise. Jakarta is no place for an innocent such as Adam, who unknowingly gets roped into petty terrorism. Meanwhile, Johan, drifting aimlessly through a...
Once, when he was in college, William F. Buckley Jr. flew an airplane from Boston to New Haven, Conn., at night after a total of an hour and a half of flight training. Buckley also smoked, drank, ate peanut-butter-and-bacon sandwiches and took pills by the fistful. He...