OOOH Snap! I guess not having a car because of having no money all these years was really the smartest idea after all. That's right. Snap.
As oil hits $140, a new low for DetroitWhat we need here is some real initiative and imagination.Chrysler LLC trotted out celebrated retired chairman Lee Iacocca to rally employee spirits on Thursday, but investors were more interested in bankruptcy rumours that continued to haunt the auto maker and yet another fresh high for energy prices that are pounding the entire industry...
...The Detroit auto makers are reeling from a collapse in sales of pickup trucks and sport utility vehicles in the U.S. market amid gasoline prices above $4 a gallon and the U.S. real estate collapse.
It could get even worse, CIBC World Markets Inc. economists Jeff Rubin and Benjamin Tal warned Thursday, saying that gasoline could surge to $7 a gallon, which will cause Americans to abandon some of their vehicles and send sales through the floor.
That's the one. Only the best news gathering skills.
And so what if I was gone for a few days.
1 comment:
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