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Front Page: Obama Gives Auto Industry Tough Love
- President Obama is considering bankruptcy as an option for US automakers. — Wall Street Journal
- Iran's representative at an international conference on Afghanistan said that Iran will help with reconstruction and antidrug-trafficking efforts. — Washington Post
- French President Nicolas Sarkozy has threatened to walk out of the G20 conference if his calls to create new rules of capitalism aren't met.
World, Meet Your Cheapest Car!
A company in India has unveiled the world's cheapest car. The Tata Nano will go on sale next month for the low-low price of $1,979. Right now millions of Indians ride inexpensive motorcycles.
Front Page: Bush Approves $17.4 Billion For Auto Makers
- President Bush announced a $17.4 billion rescue package for the automakers that would let them to avoid bankruptcy. The plan also leaves many big decisions for the Obama administration. — Wall Street Journal
- W.
Briefing Book! Time to Say Good-bye to American Cars?
- Cars: Need a trip down memory lane in some of the roomiest, gas guzzlingest, and fugliest cars you ever did see? Slideshow bids a fond goodbye to the American car. — 23/6
- Biden: Will the Second Dog be friends with the yet-to-be-picked First Dog?
Local Ford Dealer Blasts Americans Who Buy Toyotas
A South Carolina Ford dealer wants Americans to put the brakes on buying foreign cars, and he's using the radio to accelerate the spread of this message. In a controversial ad the local dealer chastises Toyota customers saying:
All you people that buy all your Toyotas and send that money to Japan, you know, when you don't have a job to make your Toyota car payment, don't come crying to me. All those cars are rice ready.
Front Page: Lawmakers Near Deal on Car Bailout
- A deal has been reached between the White House and Congress on a $15 billion bailout of the US auto industry, which includes emergency loans and the creation of a "car czar." House and Senate leaders hope to pass the bill as early as today. — AP
- Illinois Governor Rod Blagojevich planned to return to work today, after being released on $4,500 bail.
Briefing Book! Car Execs Will Take $1 Salaries For Bailout
- Bailout: Problem solved? Big Three CEOs agree to cut salaries to $1 a year if Congress grants auto industry bailout. — Huffington Post
- Biden: Lucky us?
Should Congress Bail Out the Automakers?
If Michigan-bred Mitt Romney doesn't think Congress should bailout the auto industry, then the plan to save Detroit might need a set of jumper cables. Mitt wrote today: Without that bailout, Detroit will need to drastically restructure itself. With it, the automakers will stay the course — the suicidal course of declining market shares, insurmountable labor, and retiree burdens, technology atrophy, product inferiority, and never-ending job losses.
Troopers Riding in Big Rigs to Nab Drivers: Smart or Sneaky?
Over a two days this week, Oregon State Police and sheriffs (perhaps better known by their CB radio code, "Boy Scouts") hitched a ride with big-rig truckers on the hunt for aggressive drivers who wouldn't suspect a "Smokey" ride along and wouldn't have time to "brush their teeth and comb their hair" (shout out for a radar trap ahead.)
Leaving the "bubble gum machine" (cop car) at home, the troopers were able to nab 38 drivers in just two days. From their shotgun perches, most of the drivers were ticketed for driving over a "double nickel" (55 mph) and never saw it coming.
The ODOT safety manager says "Research shows that most truck vs.
A Car That Gets 65 Miles Per Gallon?! Not in the US
Picture this: a brand-new, five-seat compact car, complete with a navigation system, gas mileage up to 65 miles per gallon, and a $1,300 tax deduction with purchase. Are you ready to buy? Well you'll have to move to Europe first!
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