Monday, February 23, 2009

Short GM to Zero: Obama Auto Team Drives Imports

The stock was recently $1.86 up nine cents.
From the Detroit News:
The vehicles owned by the Obama administration's auto team could reflect one reason why Detroit's Big Three automakers are in trouble: The list includes few new American cars.

Among the eight members named Friday to the Presidential Task Force on the Auto Industry and the 10 senior policy aides who will assist them in their work, two own American models. Add the Treasury Department's special adviser to the task force and the total jumps to three....MORE