(Only at SEMA could one see a Bentley-looking Chrysler 300 and with vertical doors, yet; why someone built it, we're not so sure, but it sure got our attention - for better or worse!).
Flush with victory and a good old-fashioned mandate, President-elect Barack Obama, in his first press conference since the election said, "The auto industry is the backbone of American manufacturing and a critical part of our attempt to reduce our dependence on foreign oil. I would like to see the Administration do everything they can to accelerate the retooling assistance that Congress has already enacted."
But many observers think that grave damage has already been done to the Detroit Three, and that the $25 billion in direct government loans already approved and starting to trickle into GM, Ford and Chrysler will be too little, too late.
Several analysts have said that if even one of the Detroit Three files for Chapter 7 bankruptcy, when a company dissolves, rather than Chapter 11, which allows a company to stay in business while it reorganizes, more than two million Americans will lose their jobs. (The 2009 Pontiac Solstice Turbo GXP looking better with its hardtop than even Mazda's MX5; but the Mazda's hardtop opens and closes at the touch of a button; below, a T-bucket sponsored by Firestone and the American Trucking Assoication captured many eyeballs at SEMA).
Last week, we spent time at the annual automotive high-performance orgy known as the SEMA Show. Founded in 1963, the Specialty Equipment Market Association is a lobbying group and professional organization made-up of some 7,000 companies worldwide, which manufacture performance and appearance products for a near-$40 billion automotive aftermarket: consumers wanting to personalize their cars and trucks.
Their annual exhibition in Las Vegas draws about 100,000 participants from around the globe, including those from product manufacturers, buyers ranging from teams working for giant chains like Wal-Mart to a single person from a local hot rod shop, members of the enthusiast and general-interest media and the car-makers themselves.
Many of the people and companies we saw at SEMA last week may very well be out of a job or out of business by next year's show. And those on the losing side could range from a closed two-person aluminum wheel repair company run out of a garage to General Motors, Ford and Chrysler.
To its credit, SEMA did try to create some excitement for "green" products, services and marketing approaches. One exhibit showcased companies active in the development, deployment and marketing of green technologies, while SEMA tried to prove that being environmentally friendly can also be "cool."
Click below for more on the 2008 SEMA Show, why it was so important as a harbinger of all our automotive futures, and what the "green" quotient was at the show.
Continue reading "SEMA, 2008 - A TIME TO PONDER THE FUTURE OF PERFORMANCE" »
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