WANTED: Car Czar
Here is the latest news on what is going on with the struggling auto industry. Automakers are trying to get congress to approve a bailout for them, yet FORD has announced it does not need any help. However, congress wants to add a stipluation in with this potential “deal”… that is a “car czar”. This car czar would potentially be there to monitor every aspect of the money, evaluate the business relationships they have, and oversee everything else related to the industry.
So, what is a car czar and what is congress wanting this “person” to do? According to NPR news, a few traits that is recommended is someone who knows industrial companies and can follow the money. Another person states the car czar must have financial smarts who is going to make decisions that are going to benefit Americans. However, is this something one person can truely take on? How about a committee that governs these future decisions that are made?
Leadpile Lead Exchange is definitely interested in this industry because we work a lot with the auto finance lead type. What happens in the automakers “world” affects our marketplace. We will be keeping an eye on what happens with the automakers and if they really decide to hire a car czar.