"Cash for Clunkers" wins over U.S. drivers, dealers - Yahoo! NewsSource: Yahoo! News
With a $1 billion federal "Cash for Clunkers" program that pays consumers $3,500 or $4,500 in credit to swap aging gas-guzzlers for new, more fuel efficient models, he made the plunge.
"It ended up being right place, right time for me," said Metzler, 42, who traded his eight-y …
Chrysler Restructuring Plan a Power GrabSource: RealClearPolitics
So, why should the federal government care who it is that sells us our cars? There are two rationales offered. First, to preserve an "American" auto industry. Second, to preserve "American" jobs.
The proposed Chrysler restructuring gives the lie to both rationales.

Well, I found another article of mine that had been removed. There is little reason or understanding how this happens. Over the course of my hundreds of articles on Newsvine, about four have been removed by someone, only to be reinstated later after I challenged the removal.
Car TalkSource: New Yorker
"To improve the overall future prospects for the domestic motor vehicle manufacturers, a quality and price competitive motor vehicle must be produced," the report warns. "If this is not accomplished, the long term outlook for the industry is bleak."
Honda Pulls Out of Formula One Racing Source: The New York Times
HONG KONG — Honda announced on Friday that it would withdraw from Formula One, a startling pullout that has its origins in the dismal state of the auto industry and which could have serious repercussions on the high-profile racing circuit.
Editorial - Reality Check for Detroit - NYTimes.comSource: The New York Times
Congress should ask for more. There are solid grounds to mistrust Detroit's Bit Three. As the price of gasoline drifts back below $2 a gallon, they face a powerful incentive to slip on the drive for better mileage and new fuels and to fall back on the gas-guzzlers they know.
Toyota Cuts Production; Nissan Next?Source: Reuters
Toyota did not say how many vehicles' worth of production would be lost as a result of the two-day stoppage on December 22 and 23, on top of a scheduled break for Christmas and New Year.
Mitt Romney: "Let Detroit Go Bankrupt" Source: The New York Times
If General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye. It won't go overnight, but its demise will be virtually guaranteed.
Just How Strapped Are the Big 2.5 Automakers?Source: Reason Magazine
Unconvincingly, McElroy is in favor of an automaker bailout, likening it to the Chrysler deal back in 1979, after which its "stock shot from $3 a share to over $30, a 1,000% return in just a few years time." He figures if the taxpayers back GM, Ford, and Chrysler this time around …
Detroit must die / American cars are still uniformly god-awful. Why save them?Source: The San Francisco Chronicle
This is what I think whenever I see someone plodding along the freeway or struggling through the city streets in some older and terminally bland or even brand new and yet still terminally bland Malibu or Cobalt or Taurus, Sebring or Nitro or Mustang or Corvette or Neon or hell, a …
How Detroit Drove Into a DitchSource: Wall Street Journal
The author, Paul Ingrassia, describes how the recent financial crisis may have brought the automotive industry to its knees, but notes the trouble began decades ago.
General Motors, Driven to the BrinkSource: The New York Times
Authors Bill Vlasic and Nick Bunkley review how G.M. and subsequently the U.S. automotive industry as a whole are near the brink of collapse.
Learning From the Oil ShockSource: Newsweek
We all know that gasoline is at $4 a gallon and oil is at $135 a barrel. But if you think that's the end of the story, don't talk to economist Jeffrey Rubin of CIBC World Markets.
Are Hybrids Too Quiet?Source: The New York Times
After incidents with ultra-quiet hybrid vehicles being undetectable by the visually-impaired pedestrians around them, auto-makers are exploring options to make environmentally-friendly vehicles a bit more audible.
Gas Guzzlers to be forced off the roadSource: Telegraph
Gas-guzzling sports cars, 4x4s and people carriers could be priced off the road within five years after a crackdown on carbon emissions to be announced by the European Commission this month.