How Lehman, Obama and Tesla Changed the Car Business – By J.R. Anderson
Early in the recession, after President Obama bailed out the auto industry, I noticed the largest shift we have ever seen in the auto industry. The majority of vehicles produced before 2010 featured cheap plastic interiors, faux wood grain, uninspired designs, and confusing electronic equipment systems. In those days, most vehicles had terrible handling and very little effort to better fuel economy. In fact, for a while I questioned whether manufacturers and dealers were in cahoots to make vehicles that would ensure customers return for repairs. Then, a few things happened simultaneously. 2008 we experienced the worst recession …