President Barack Obama has showed his teeth. He’s told the boss of GM to resign. Presumably he wouldn’t have done that unless he was about to give GM the billions in loans the company is asking for. The president needed to get some collateral, didn’t he?
Beware seeing every car at the Detroit show through the lens of recession. It wasn’t until about four months ago that anyone saw this crisis coming. It takes at least six months to do a concept and two years for a production car. So everything here was conceived in pre-meltdown times.
Welcome to the Detroit show, where the spotlight’s firmly on GM and Chrysler. Chapter one of a Great American Comeback story – or an obituary? As far as I can see it’s one of each. GM might just pull through, but Chrysler doesn’t stand an earthly.
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