I wanted to take a minute to call attention to a story that was in today's USA Today about the relative fortunes of the automobile manufacturers.
The story points out that Ford Motor Company is managing to slow the bleeding of its losses and clearly looks as though it will be in a stronger position fairly quickly.
Chrysler, on the other hand, despite its enormous and in this authors view wrongheaded federal bailout and takeover, is still sailing about as high as a lead balloon. There may be a number of reasons why this is so but a large part has to be the lack of confidence in the new government overlords ability to operate a motor car company. General Motors is at a standstill in their sales as the rest of their remaking is being processed.
The USA Today story points out "Chrysler, just weeks after exiting bankruptcy protection, reported a 42% drop in sales, hurt by a big cut in fleet sales and declines in all its models except the Dodge Challenger muscle car."
So in the midst of this sea of problems, the only car that buyers are interested in going out on a limb and purchasing, is a brawny and powerful vehicle that is in most ways the antithesis to the fragile rollerskates that the present administration seems to think their new experiments in manufacturing need to build.
The readers of this blog are intelligent and I'm certain they can see the reason why this is sadly ironic. Go to story by clicking here.
