March 3, 2010

MEGAN MCARDLE: Toyota Drags Rivals Down With It. “Anyone who thought that the Big Three were finally getting a break when the chairman of Toyota was hauled in front of a congressional committee [should think] again. Zero-percent financing for five years is going to make it very difficult for GM to return to profitability–and presumably Chrysler will be forced to follow suit. These companies are going to be on taxpayer life support for quite some time.”

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