GM saw a 45% drop in sales.
Ford sales dropped 30%.
Chrysler sales fell 35%.
Toyota sales fell 25%.
Nissan sales fell 33%.

____

There is no economic model that can make the auto industry profitable with sales at this level.

Chrysler has suggested making interest rates on car loan tax deductible again. All Interest Paid by taxpayers should be tax deductible. It was crazy when the government made only interest on home loans deductible.

____

A trade group representing U.S. auto parts suppliers on Monday urged the Bush administration to create a new loan guarantee program for the industry, adding to the chorus of industry backers calling for urgent government aid.

But the Bush Magicians don't see how they would be able to get their hands on and do a disappearing act with the money so.................