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09 Jul 2009 23:36

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Biz, U.S.: The cash-for-clunkers plan is making auto salespeople excited

  • Are we excited about it? Absolutely! We think it is a great opportunity for people to get rid of their clunkers.
  • Cliff Johnson • President of Texas Motors Ford, on the cash-for-clunkers program the Obama administration implemented this year. The plan, which gives consumers up to $4,500 in credit to swap aging vehicles for newer, more fuel-efficient vehicles, has fans all over the map: Consumers, environmentalists, automakers and guys that sell cars for a living. Only the latter category talks like Cliff Johnson, though. • source
Posted by Ernie Smith • 0 Comments • Permalink

21 Apr 2009 10:48

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Biz, U.S.: Chrysler, GM get a little help from their friends at the White House

  • $500 million Amount Chrysler will get to see through their merger with Fiat source
Posted by Ernie Smith • 0 Comments • Permalink

30 Mar 2009 00:34

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Biz, U.S.: Auto bailout: Why Obama’s finally trading the carrot for the stick

  • We think we can have a successful U.S. auto industry.
    But it’s got to be one that’s realistically designed to weather this storm and to emerge — at the other end — much more lean, mean and competitive than it currently is.
  • President Barack Obama • On Face the Nation yesterday morning; the president and his administration feel that the automakers (particularly Chrysler, who seems to have given up hope for anything but a merger) are not doing enough to aggressively restructure their companies in the face of impending doom. • source
Posted by Ernie Smith • 2 Comments • Permalink
 
 
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