Thursday, November 29, 2012

Wow, This Says It All -- Detroit Unnerved By Fiscal Cliff; Government Motors Sees No Need To Plan For Fiscal Cliff; Ford Plans


December 4, 2012: GM getting ready to idle plants due to excess inventory.

December 3, 2012: GM truck inventory up to 140 days; healthy number -- 70 days.

November 29, 2012: this is not an update to the story below. But the story brings back wonderful memories. General Motors is bringing the Chevy SS back to market.
The SS replaces the Chevy Impala as GM's race car in NASCAR.
Chevy has long used the SS (Super Sport) designation on high-performance models. It first appeared in 1957 on a Corvette prototype race car, and the fist production vehicle with an SS option package was the 1961 Impala. The SS designation returned to the Chevy lineup in 2010 with the debut of the fifth-generation Camaro.
The first car I ever owned was a 1973 Chevy Nova SS. One of the best cars I ever had.  I had to sell when the Air Force assigned us overseas back in 1983.

Original Post

Link here to Bloomberg.
Ford Motor Co., the second-largest U.S. automaker, is making contingency plans should the nation’s economy falter if President Barack Obama and Congress go over the fiscal cliff. Its main domestic rivals aren’t.
The looming fiscal cliff has Detroit unnerved. Just as the auto recovery picks up speed, the administration that saved the industry now could bring it to a screeching halt. Auto demand would plunge as much as 20 percent if Washington can’t find a solution to avoid a lethal combination of tax hikes and spending cuts coming at the end of the year, said Lacey Plache, chief economist of auto researcher
General Motors Co. isn’t making specific contingency plans ,...
I can't make this up. Verbatim cut and paste from Bloomberg.

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