Wow, could this actually happen?
Bankruptcy may be even closer for General Motors and Chrysler, now that the Obama administration’s auto task force has determined that both may have trouble surviving as viable standalone companies.
The task force spent a month analyzing the two automakers, concluding that “both (GM and Chrysler) have unsustainable liabilities and both need a fresh start. Their best chance at success may well require utilizing the bankruptcy code in a quick and surgical way,” the White House said in its statement outlining the plan.
Next thing you know we will have to let banks slip away, too…
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California is doing everything it can to help heal the earth. The latest way they plan to reduce carbon emissions is by…banning black cars. That’s right:
The California legislature is considering regulating the color of cars and reflectivity of paint to reduce the energy requirements to cool them. A presentation on the proposed legislation by the California Air Resources Board is below. (Continue…)
More on Autoblog and CrunchGear.
At the beginning of the year, Tesla Motors had announced that by spring the company would be producing 30 of their all-electric luxury Roadsters weekly. Well, it’s spring, and the company is now saying it’s likely they’ll only reach that benchmark in the summertime: right now they’re making 20 per week. The company is not expected to show a profit this year. Read more…
These photographs by Yves Marchand and Romain Meffre were able to capture the beautiful, yet awful decline of the motor city.
Thousands of unsold cars sit on test tracks, storage areas and docks around the world waiting to be sold.
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