Lets Hang Together or We Will Surely Hang Apart!
Cash For Clunkers Bill Approved by Congress
The Senate approved a $1 billion program yesterday to give vouchers to consumers who trade in their gas-guzzling clunkers for more fuel-efficient models — a move that dealers hope will revive slumping auto sales.
Congressional leaders attached the legislation to a $106 billion spending bill to fund troops in Iraq [...]
Detroit Auto Industry Is Forever Changed Due to Credit Crunch
LANSING, Mich. — Detroit’s Big Three automakers are forever changed by the current credit crisis, according to a study done by a well-known Michigan economics firm.
The study, from Lansing-based Anderson Economic Group, gives a stark peek into the auto business and reports bankruptcy, radical restructuring [...]
Chrysler Announces Plans to Retool and Expand Jefferson North Assembly
TRAVERSE CITY — Chrysler LLC said Wednesday it would invest $1.8 billion retooling and expanding its Jefferson North Assembly Plant to build a new car-based sport utility vehicle to be sold under the Jeep nameplate.
The company’s vice chairman and president, Tom LaSorda, said the money would [...]
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