1,100 GM Car Dealers Closing

1,100 GM Car Dealers Closing

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Cheap Tata Nano Car Debuts In India

Tata Nano

“Company boss Ratan Tata said the no-frills vehicle, slated to cost just 100,000 rupees (2,000 dollars) for the basic model, will get India’s middle-class urban population off motorcycles and into safer, affordable cars.” Link

Man Bites Off Ear Lobe In Parking Spot Fight

Man Bites Off Ear Lobe In Parking Spot Fight (more…)

Auto CEOs Took Private Jets To Beg Congress For Billions

“All three CEOs – Rick Wagoner of GM, Alan Mulally of Ford, and Robert Nardelli of Chrysler – exercised their perks Tuesday by flying in corporate jets to DC. Wagoner flew in GM’s $36 million luxury aircraft to tell members of Congress that the company is burning through cash, asking for $10-12 billion for GM alone. ‘We want to continue the vital role we’ve played for Americans for the past 100 years, but we can’t do it alone,’ Wagoner told the Senate Banking Committee. While Wagoner testified, his G4 private jet was parked at Dulles airport. It is just one of a fleet of luxury jets owned by GM that continues to ferry executives around the world despite the company’s dire financial straits.” [Link]