‘Cash for Clunkers’ Gives Auto Industry a Lift
Those dangerous socialists in our federal government have really done it this time Why, they've engineered a way to give the American auto industry a much-needed boost with their successful "Cash for Clunkers" program .
Those dangerous socialists in our federal government have really done it this time. Why, they’ve … engineered a way to give the American auto industry a much-needed boost with their successful “Cash for Clunkers” program. –KA
Rooted in Truth.CNN Money.com:
The auto industry temporarily awoke from its slumber last month thanks to the U.S. “Cash for Clunkers” offer, led by a 17% sales jump at Ford Motor Co. (F) that further highlighted the performance difference between it and Detroit rivals General Motors Co. and Chrysler Group LLC.
Ford’s gain was also helped by its trucks posting the first year-over-year sales increase in nearly three years. Meanwhile, Chrysler’s 15% decline was in part due to a lack of inventory – most of the company’s plants sat idle for almost three months as the auto maker dealt with its bankruptcy process.
Chrysler finished the month with 100,238 units in inventory, down 74% from a year ago, and representing just a 28-day supply. That’s why the company recently announced a 50,000-vehicle boost to planned output.
Independent by Design.
Your support helps ensure that rigorous reporting, thoughtful analysis, and investigative journalism remain accessible to everyone.
Support independent journalism.
Dig Scape
A sonic exploration of the impact of cars and their overuse on the environment.
Editorial Cartoons
Labor
The first-of-its-kind victory at the Chattanooga Volkswagen factory proves autoworkers in the South are beginning to see the value in unionizing their place of work.
The offer includes "major gains" for workers who have been picketing at U.S. factories for a month, United Auto Workers officials say.
A bitter standoff over fuel efficiency has been threatening to unleash years of court fights and confusion in the U.S. auto industry.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.