Its like Baywatch... but without boobs, blondes, and sun. ... Maybe a drunk David Hasselhof is on credit watch.
It was the future "projections" of the automakers cash flow that is the concern. A perfect example is the gaudy, overcooked pimped out new pickup that FORD just put on hold. It is called Platinum model i think. Who the hell needs a pickup truck with leather seats? Ok, ok, some redneck that won the LOTTO i guess. Bottom line, with gas prices as they are and the rejection of gas guzzling SUV's and pick-em-up trucks for a CAR that gets better mileage is what the consumer wants. Problem is the auto companies have lost the "CAR" mkt to the foreign CARmakers. The profits from USA automakers will take a HUGE hit simpley selling CARS that are not pimped out to the max with low profit margins. They made their own bed and now they are in deep dung.