Auto Ramblings

National Automobile Dealers Association

NADA asked the Federal Government on August 19, 2009 to suspend the CARS Cash for Clunkers Program because, by their research, the $3B has been exhausted.

It is clear that the CARS program has lifted vehicle production quotas, especially for fuel efficient vehicles.  Automotive Tribune is of the opinion that winding the CARS program down will result in a long term Federal program that will encourage purchase of high mileage vehicles.

‘Old Chrysler’ Creditors Sue Daimler Over Assets

Daimler still owns 19.9% of Chrysler.  However, since the failed “Merger of Equals” things have again started to heat up.  It is clear that a great deal of discontent is evident because of the Chrysler meltdown.  Watching this litigation will definitely produce another round of very nasty automotive finger pointing.  There will be plenty of media coverage … stay tuned.