Posts Tagged ‘auto recall’

Warner Todd Huston

Auto Recall: When The Wheels Come Off Government Motors…Literally

by Warner Todd Huston

GM, Obama’s favorite federally owned car company, was thrilled to report in March that sales figures for the Chevy Cruze helped put the company on the fast track to success but it wasn’t the best news when the wheels began to literally fall off the Cruze causing a recall of GM’s “success” story.

As we will remember, last November Obama proclaimed GM a great success story, one that justified his raging fever for bailouts. This March GM buttressed Obama’s glowing account by reporting rosy sales figures in which the Chevy Cruze made a big appearance. Then GM reported that the Cruze and the Malibu accounted for “98,950 sales – roughly one of every four Chevrolets sold in the first quarter.”

But let’s not break out the champagne too soon because only weeks after GM celebrated sales of the Cruze, at least one steering wheel popped off in transit. It’s a literal case of the wheels coming off GMs success story.

In one case, a Chevy Cruze owner was driving 65 MPH on a highway when her steering wheel broke right off. With her in the car were her young son and her own elderly mother. None were hurt fortunately.

Now GM is recalling 2,100 cars in hopes of preventing another such unfortunate accident.

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The New Ledger

Coffee and Markets: The President’s Summit of Broken Promises

by The New Ledger

It’s time for your weekly dose of markets and politics with Coffee and Markets, featuring The New Ledger’s Francis Cianfrocca, a podcast brought to you by the fine folks at Andrew Breitbart’s BigGovernment.com and LibertyPundits.com, your new home for conservative podcasts. In this week’s edition, we’re recording on-site from the president’s Blair House summit by the White House, and we’re talking about the bond market, the targeting of Toyota, and the future of health care reform (note: the quality on this one is a bit below our normal episodes, since we had to record remotely).

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Related Links:

TNL: The White House vs. Toyota?
Daily Caller: Summit of Broken Promises
Health Care News: Obamacare’s Last Stand
Gergen: Best Day in Years for GOP
Protein Wisdom: Full Speed off the Cliff
TNL: Paul Ryan’s Moment