By Stateline.Org May 27, 2009
Just when many state governments are weeks away from the start of another budget year, a new crisis has emerged that threatens their finances: the closing of nearly 2,000 automobile dealerships. Coupled with the slowdown in automobile manufacturing and sales, the dealership shutdowns...
By The Cato Institute May 17, 2009
By Daniel Ikenson, CATO Bloomberg reports : General Motors Corp., facing a probable bankruptcy filing by June 1, is telling 1,100 “underperforming” U.S. dealers they will be terminated as the automaker starts shrinking its retail network. Most of the closings will occur by October...
By The Climate Group May 20, 2009
US President Barack Obama yesterday unveiled his plan to increase US auto efficiency standards . New rules on emission and mileage would require five percent increases in fuel efficiency each year from 2012 through 2016. By 2016, average fuel economy would be 35.5 miles per gallon – or...