You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

NYT: Local Pillars, Auto Dealerships Teeter as Big Three Decline [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
Omaha Steve Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-30-08 09:25 AM
Original message
NYT: Local Pillars, Auto Dealerships Teeter as Big Three Decline
Advertisements [?]

Daron Dean for The New York Times

Sales have plunged at a family dealership in Quincy, Fla.

Published: November 29, 2008

QUINCY, Fla. Bruce Thomas washed cars at his fathers General Motors dealership here at age 12, changed oil in high school, and sold his first Pontiac during college.

His commitment to a famed American industry, part business and part romance, never waned. He took over his familys two dealerships, building a small fortune. In turn, he showered generosity on local churches, school athletic teams, charity golf tournaments and a group that helps women find jobs out of prison.

But suddenly, all of Mr. Thomass success appears to be melting away.

Days go by without a sale. His debts are mounting. His friends offer him cash to get by. Im trying to survive as a car dealer, said Mr. Thomas, now 59, and I dont know if I can.

Top executives of the Big Three automakers are preparing to return to Washington this week with business plans they hope will lead to a federal bailout. But any government help will probably come too late for thousands of dealers like Mr. Thomas who sell American brands.

They have been struggling for years, as Detroits fortunes waned, but what remains of their sales is evaporating along with consumer confidence and credit.

FULL 2 page story at link.

Printer Friendly | Permalink |  | Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC