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Both Ford Motor Co. and Chrysler LLC also have large pools of untapped cash reserved specifically to cover retiree health care under the terms of contracts signed in the fall of 2007 that were supposed to remove the retiree-health-care burden from company balance sheets. Meanwhile, new workers eventually hired to replace GM's, Ford's and Chrysler's current employees will no longer be eligible for postretirement health benefits. For the automakers, the costly transition is worth it, because it eliminates one of the major uncertainties they have faced over the years - the soaring cost of health care...
...drunk-driving laws are unconscionably lax: A first conviction is considered a civil rather than criminal penalty. Wisconsin is the only state in which this is so. A felony charge is not issued until the fifth conviction of drunk driving. The results are evident: In 2007, 41.4 percent of motor-vehicle fatalities in the state were related to alcohol, the third-highest of any state in the country and significantly higher than the national rate of 31.7 percent. Drunk-driving penalties in Wisconsin and elsewhere should be significantly more severe, and AWARE is right to draw attention to the problem.But...
...reason is that Ford alone among the Detroit Three has enough dry powder to get through what will be a very difficult 2009, when car sales aren't expected to top the 11.8 million units sold this year. (In 2007, 16 million cars and light trucks were sold.) General Motor's Wagoner and Chrysler's Nardelli made it pretty clear that without a government bridge loan - $12 billion in GM's case, $7 or $8 billion for Chrysler - there isn't going to be a 2010 for these companies, at least not without a pit stop in bankruptcy. Chrysler ended...
...Ford Motor Co. is throwing a party in Los Angeles this week, on the eve of the Los Angeles Auto Show, to celebrate the re-birth of its classic Mustang. Though the car will likely reach showrooms in March, 2009, it is already stirring interest among what Ford's representatives excitedly call 'Mustang Nation,' the legion of owners and other devoted fans. "Some of the Mustang web sites are already talking about the [car's] new rear end," says Robert Gelardi, the senior Ford Designer responsible for the car's new look...
...whom it is used and whether it has been the cause of any personal injuries or property damage.The NRA has taken up arms (figuratively) over this clause in the questionnaire, condemning it as "biased" on the basis that applicants are not questioned on their use of motor vehicles, arguing that more deaths and injuries occur through auto accidents than firearms. South Carolina Senator Jim DeMint spoke out against the question, declaring his intent to "enact legislation to prohibit this type of discrimination...