Indego automotive concept, automotive consulting, steve young

Steve's Blog

Feeding the habit?

I have commented before
about the implications of the credit crunch on vehicle manufacturers as they have been forced to take writedowns of hundreds of millions of dollars on the loans and leases they used to prop up their sales volumes.  In this last week, we have seen the obvious solution to this (if you are as addicted to this particular fix as the world's automakers seem to be) which is to hive off those toxic loans to your friendly government so that you can start all over again! MORE