CHRYSLER

From a story from somewhere: “NEW YORK (Reuters) – Lee Iacocca, the car executive credited with saving Chrysler from bankruptcy in the 1980s, is to lose a big chunk of his pension and a guaranteed life-long company car due to the U.S. automaker's bankruptcy filing two decades later. Chrysler CEO Robert Nardelli told a U.S. bankruptcy court on Thursday that Iacocca's pension would be among the obligations Chrysler will no longer have to pay if it gets bankruptcy court approval to sell itself to a "New Chrysler" to be owned by its union, the U.S. and Canadian governments and Fiat. Chrysler has also written to former executives saying that as a result of its April 30 bankruptcy filing it will stop a program that furnished company cars to former executives and directors.” Don’t be too quick to feel sorry for these executives – they’re fat cats, all of them.

Air Cars

I'm sure you've heard already - there's this company which is manufacturing cars that run on compressed air. I think it's in India but I'm just guessing. It might be in Alaska for all I know. That's not important to me. What's important is the car itself - if it's real. All these years, car companies all over the world have been going along with the oil companies to produce cars that take as much money out of your pocket as possible. Now comes this little upstart company which will cut your car fuel bills by 80% - imagine that!!!! Someone is bound to get in a lot of trouble over this.