SocraticGadfly: Will the last one to leave Chrysler please turn out the lights?

July 01, 2008

Will the last one to leave Chrysler please turn out the lights?

All of the formerly Big Three are bleeding, and even Toyota had struggles in June sales, but Chrysler is hemmoraging.

Forget Toyota and forget Honda. By the end of this year, Hyundai will have half as many American sales as Chrysler.

Its June numbers aren’t out yet, but in May, Hyundai had 46,000 U.S. sales; Chrysler’s June sales were 117,000. American Honda, meanwhile, sold 146,000; Nissan sold 81,000.

Back to GM. Six-year car loans with no interest? As inflation is rising, not falling, and Ben Bernanke will have to hike interest rates after the November general election?

Talk about robbing Peter to pay Paul.

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