Good News for Hyundai: It looks as if UAW workers are rejecting the proposed contract that would not-quite give Ford the same concessions the union gave GM and Chrysler. After all, Ford is still losing fewer billions than the other two were losing before the government helped them slash their debt in bankruptcy. So Ford clearly needs to be bled a bit more. The near-certain prospect that Ford will in response ship more work out of the country may not matter if you are a UAW veteran 2 years away from retirement. ... P.S.: Is Obama aide Austan Goolsbee's prediction--that saving Chrysler would cripple Ford's comeback attempt-- coming true? ... [ via TTAC ] 5:41 P.M.
Titans of Spin: Chickaboomer on CNN CEO Jon Klein's hypocrisy. (He used to think the 25-54 demographic segment that CNN's now losing was crucial .) ... Mediaite makes the same point --more respectfully, alas. ... P.S.: Remember what CBS veteran Bernard Goldberg said of his former colleague Klein:
"[A]t CBS news he had a reputation as the kind of guy who thought people who tell the truth do it mainly because they lack imagination.
Fisker also announces upcoming "Seppuku" two seater: Why would electric luxury car maker Fisker decide to build its new model in a UAW shop in Delaware that only recently turned out some of the least reliable cars GM made? TTAC suspects federal dirigisme . ... 5:39 P.M.