Well, Obama's "30 Days to Chapter 11" auto company plan
is going as expected. Chrysler is preparing to go bankrupt
. GM is going to "stall out" 13 assembly lines
in North America. And as Ward Harkavy puts it at The Smart Asset, "Ford loses $1.4 billion, and investors are... happy!
" Yes, the company says that since they're now spending less, they won't need federal bailout protection, and its stock price rose
. (The Kansas City Star
calls them "America's strongest automaker
.") And get this -- there seems to be a demand for car parts. Zacks Investment Research says there's "strong demand as cash-strapped consumers choose to upgrade and maintain existing cars
instead of buying new." An Indiana auto parts maker is calling back laid-off workers
. The Dow is, at present, up. Funny old world, eh?