U.S. Automaker Cuts to Increase Rental Prices

As the American automakers hit concrete, slashing production and generally battening down the hatches in a bid to increase profits (mix metaphors, much?), there's been an overlooked consequence: higher prices at the rental cars. As low-profit fleet sales are becoming less-palatable to the automakers (and the Taurus went off to the slaughterhouse), analysts see the cost to rental companies going up. Spreading it further, this would also seem to apply to government fleets, which could make for higher taxes. Or that may be tinfoil-hat thinking; officials think prices will stabilize soon. Then again, didn't they say that about the Lusitania?

U.S. automakers' cuts mean higher prices for rental cars [International Herald Tribune]

Related:
They're Thirsty in Atlanta: Last Taurus Built [Internal]