I found this interesting tidbit of information from an Autoblog article about U.S. car sales in 2008: There were about three million fewer cars sold in 2008 than 2007. Based on 2007's numbers, it would be the same as if Acura, Audi, BMW, Chrysler, … [Read more...] about Auto Industry Carnage in 2008
I was directed by a Snopes article to a commentary written by Ben Stein at Yahoo Finance about why America needs to bail out the big 3 automakers (Ford, GM and Chrysler). I do recognize both sides of the argument (for and against the bailout), and … [Read more...] about Ben Stein’s reasons to bail out Detroit
Autoblog reported today that it's expecting Toyota to post a losing year this coming March when its fiscal year ends. This will be only the second time in its 71 year history that Toyota has reported a loss. The first time was after its first year of … [Read more...] about Toyota set to post its second yearly loss ever
I keep hearing over and over that "The U.S. automakers deserve to die off because they make crappy cars and bad decisions". People think that's why they can't make a buck and are at risk of bankruptcy. But I have another side of the story that not … [Read more...] about The Truth Behind Why Japanese Automakers are “Better”
IIHS has released the top 10 most stolen cars in 2008, and the list is much different than past years. Previously, the top 10 consisted of 10-year-old Honda Civics, but this is the year of the big trucks. Car: Claims Per 1,000/Average Loss Payment … [Read more...] about Top 10 Most Stolen Cars for 2008 [Interesting]
Apparently the Big Three U.S. automakers (Ford, GM and Chrysler) are finding out their business plan over the last few years wasn't much of a plan at all. By pushing cars, trucks and vans to millions of Americans who couldn't actually afford them, … [Read more...] about Did Detroit Oversell?
