With Obama elected, will the auto industry see any changes?

Interesting | November 5th, 2008 by 30

I have to tell you from the beginning that I am definitely not an expert in politics or economics, so everything  I will say next …

I have to tell you from the beginning that I am definitely not an expert in politics or economics, so everything  I will say next is based on my personal opinion and ideas. Now, with the disclaimer out of the way, I would like to congratulate our new president, Barack Obama.

The reason I started this topic is related to the multiple comments that I have seen on this blog for the past months, comments that somehow connected the auto industry crisis with the upcoming election and the uncertainty of what the future might bring, in terms of who will lead the country through one of its toughest times.

Many of you believe that the cut-backs, layoffs and earnings are related to the uncertainty that sets over the country in the months before every election. Many believed that the BMW’s future plans rely on who will run the country for the next four years and BMWNA’s CEO, Jim O’Donnell confirmed that in an interview back in September:

[the 4 cylinder turbo engine] will deliver stronger performance in terms of acceleration than the current 6-cylinder, it will deliver lower emissions and will give you better fuel economy; so it is a win, win, win situation. This will be a high tech 4-cylinder engine; obviously turbo charged. We can’t really confirm or deny when it is going to come into the US, or if it is going to come into the US, until after the election and the government makes it clear what is going to be the platform that manufacturers have got to work to.”

Before I will turn this over to you, I would like to expose my point of view. I do believe that up to a certain level, BMW and other car manufacturers were indeed waiting for the election to be over before committing to any future plans. I believe that the Europe car makers are hoping that a shift in the internal and external U.S politics will bring more prosperity and opportunities down the road.

I would love to see quickly if the new president will continue to support the fuel efficiency programs and U.S becoming less dependent on foreign oil.

P.S Sorry for the out of topic article, we’ll get back to our spy shots soon ;))

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