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


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.

Read more

Your support matters…

Independent journalism is under threat and overshadowed by heavily funded mainstream media.

You can help level the playing field. Become a member.

Your tax-deductible contribution keeps us digging beneath the headlines to give you thought-provoking, investigative reporting and analysis that unearths what's really happening- without compromise.

Give today to support our courageous, independent journalists.