New England Auto Show Woes?
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New England Auto Show Woes?

Title: New England Auto Show Woes?

Published: Wed, 3 Dec 2008

Description: As the big 3 automakers make their pitch for a federal bailout, there is nervousness about the fate of the industry. Those nerves could be felt a bit at the New England International Auto Show. FOX25's Martin Morenz reports.

Full Article: http://www.myfoxboston.com/myfox/pages/ContentDetail?contentId=7995186

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Automatically Generated Transcript (may not be 100% accurate)

" The economy of course has everybody on edge as. Figures from the nation's Big Three automakers. There once again making their pitch for a federal bailout Chrysler's vice chair says the auto industry is on the brink of collapse of those fears are hitting home. As the New England auto show opens here. -- Martin Morenz -- of Boston to explain --"

" to New England auto show takes on added significance this year due to the problems of auto makers in Detroit. New car models are more important now than ever."

" What you see here this. This is part of the hybrid. Transmission forged new fusion in Milan hybrids are among the new models of the car shell they get up to 39 miles per gallon. Ford is banking on them to boost sales will be the number one producer of hybrids in North America. And it saved four -- I think it's a good start and again this is really what you're seeing coming forth today in Boston at the auto show is. Two years of hard work of transforming Ford Motor Co. with industry car sales down 35%. In November America is set to lose a thousand dealerships nationwide. It's not only due to slow car sales but also due to the credit crunch the problem is GMAC and some of the other lenders to raise the standard that now you have to have a credit score. In the 700 range to qualify for car along the situation is so serious for Detroit. Lawmakers are holding their second round of bail -- hearings for the Big Three this week. Some are looking for concessions from unions and possible consolidations. For company news."

" Do we need to give. Maybe president Obama's emergency powers to help some the consolidation happen and have to look at that as well."

" Getting people excited about buying cars again it is all part of Detroit's talent. The challenger of the Ford mustang in the new Chevy Camaro are retro designs Americans appear comfortable with --"

" It's just some of the late sixties early seventies designed his and and the price he can't be. 22995. Dollars is where the -- us back."

" An industry problems aside if your car and -- you'll love this show with all the exotic imported sports cars and even -- cars on the floor as well. We're live of the convention center in South Boston Martin Morenz fox 45 news."

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