Tag Archives: Automotive

What does “American-Made” mean?

The Big Three schlep back up on Capitol Hill, hats in hand, massaging the road sores they got from actually driving from Detroit to D.C., where they will beg for bucks once again. They are in hopes that their performance will be a lot more convincing – not to mention, vastly less tone-deaf – than their last appearence. In the meantime, we’re treated to a parade of concerned Senators and Representatives who wail that, without an immediate bailout, The American Automobile Industry Will Come To An End As We Know It.™

Hogwash.

In order to understand why, you have to grok that there are really TWO American automobile industries – the traditional one in Detroit, and the one that exists everywhere else. Continue reading What does “American-Made” mean?

Car-mageddon Update.

The CEOs are up on Capitol Hill, hats in hand, begging for small change. $85 Billion in change, to be exact. And the Big Three have marshaled the troops to hit all the news shows, declaring (in no uncertain terms) exactly why bankruptcy is not the answer, and why we MUST give them a “loan” to keep them afloat. Here are some unanswered questions – and oddly enough, for once they are the questions that some in Congress are actually asking the Big Three honchos: Continue reading Car-mageddon Update.