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News To Know: Good News For Autos?

Posted on 06/10/2009 by |General News | Comments

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Well over the past few months, bad headlines from the auto-industry have been pretty easy to find. Between bailouts, bankruptcies and plant closures, it has been one calamity after the other for American auto-makers.
However, a look through the news today shows a few bright spots. The courts cleared the way for Chrysler to be bought out by Fiat. G.M. has a new chairman in former AT&T executive Edward E. Whitacre. Also, the House just passed ‘cash for clunkers’ legislation that would incentivize consumers to trade in their gas-guzzling cars and trucks to buy new more fuel-efficient vehicles.
They certainly aren’t out of the woods yet up in Detroit, but it’s nice to see something positive coming from the auto industry for the first time in a while.