Hurry Purchase American Cars While You're Still Able

[las47032]

Have soaring energy costs led to the impending demise of America's favorite car models?

With gasoline prices at national averages of $4.11 a gallon for regular unleaded, the SUV and large pick-up truck markets are considered dead. According to a report in Jerome Corsi's Red Alert, some of the "Big Three's" most popular brands will be slashed from production. Will your favorite model be one of them?

Automaking was the backbone of the U.S. economy, fueling the demand for a host of U.S.-manufactured raw material and secondary products, from steel to auto parts.

Today, we cannot be confident any cars purchased in the United States will be constructed in the U.S. by American manufacturers or by U.S. workers, unless the U.S. workers are hired in a U.S. plant owned by foreigners.

The Wall Street Journal recently proclaimed GM was contemplating more layoffs and the sale of key auto brands. The story signaled that soaring energy costs were adding perhaps unsustainable weight to the impending demise of the once all-powerful Detroit "Big Three" – GM, Ford and Chrysler.

On Monday morning, after the New York Stock Exchange opened, GM's stock traded briefly under $10 a share for the second week in a row, a low that GM stock had not seen for more than half a century, not since 1954, a year before Charlie Wilson's famous proclamation.

High gasoline prices have exacerbated the impact of the slowdown in the U.S. economy, with the result that Big Three auto sales have headed south, with some models unlikely ever to recover.

Find out which of your favorite popular brands may cease to exist.

Source: Quick, buy a U.S. car while you still can!

[Old Fart]

Many factors have ruined the American auto industry.