Winners and Losers in Auto Industry Bailout, Cars for Clunkers: Mostly, Losers

by Benjamin Domenech on 8:20 am August 16, 2009

“At the macro level, Cash for Clunkers has given all car companies a shot in the arm, but the auto industry needs more than that. It’s a “feel-good business,” as the saying goes in Detroit, and the stock market’s recent rally surely helps.” But consumer confidence remains in the “feel awful” range.

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