To the Point
Can America's Big Three Automakers Survive?
Auto sales in the US dropped to a ten-year low last month, and America's Big Three are in trouble. GM, Chrysler and Ford make big profits on big vehicles with big engines, but customers are thinking small, and $4 a gallon gasoline may signal the end of an era. Also, President Bush challenges G-8 leaders to make good on the promise to developing nations, and Barack Obama's version of a faith-based initiative.
By Warren Olney • • 1h 0m ListenAuto sales in the US dropped to a ten-year low last month, and America's Big Three are in trouble. GM, Chrysler and Ford make big profits on big vehicles with big engines, but more and more customers are thinking small, and $4 a gallon gasoline may signal the end of an era. Is there a Kia in your future? Also, President Bush challenges G-8 leaders to make good on the promise to developing nations, and Barack Obama and faith in the public square.
In this episode
3 storiesMore Talk of Dialogue with Iran before the G-8
At a news conference at the White house today, President Bush conceded , "It's been a tough month in Afghanistan." He was asked about speculation that Israel might attack Iran. The President leaves this weekend for the G-8 summit in Japan.
Read the story6 minAs Truck and SUV Sales Plunge, Detroit Goes for Small
Urban cowboys in pickups and SUV's are a thing of the past. More and more customers don't even talk about power any more. Ford, Chrysler and General Motors were not ready for four-dollar gasoline, and June was another disaster for an industry that helped make America great, with sales of new cars and trucks that plunged to a ten-year low.
Read the story35 minObama's Version of the Faith-Based Initiative
President Bush's faith-based initiative has been mired in controversy. Aides have resigned, claiming it's more about Republican politics than religion or social service. Today, talking about his own experience with church groups in Chicago, Barack Obama says he can do it better.
Read the story7 min
