Seven Ways The Financial Crisis Will Affect Car Buyers

The most cliched phrase so far during this financial crisis has been "what happens on Wall Street affects Main Street," and nowhere is this truer than for that large car dealership located on Main Street, which will have to adapt to the new market in ways that will seriously impact car buyers. While not all of the… » 10/06/08 2:00pm 10/06/08 2:00pm

Sky Falls, Takes Auto Stocks With It

Automaker stock values plummeted along with the Dow yesterday, with most closing down at least seven percent, reports Automotive News » 9/30/08 9:30am 9/30/08 9:30am. General Motors dropped $1.25 to $8.51, while Ford dropped 64 cents to close at $4.17. Suppliers were hit equally hard, while dealership groups like AutoNation and Penske saw declines…

Government May Delay $25 Billion For Automakers Until Mid-2010

Apparently the Department of Energy is really slow when it comes to writing checks, as the Detroit News » 9/26/08 3:30pm 9/26/08 3:30pm now reports that Detroit automakers may not get their recently approved until mid-way through 2010. DOE spokesperson Healy Baumgardner said "there are a number of legal and administrative requirements with which…