Free Republic

The Obama administration asked Rick Wagoner, the chairman and CEO of General Motors, to step down and he agreed, a White House official said. On Monday, President Obama is to unveil his plans for the auto industry, including a response to a request for additional funds by GM and Chrysler. Wagoner’s resignation was one of the remarkable strings attached to the new aid package the administration is offering GM, based on recommendations from the Presidential Task Force on the Auto Industry, headed by the Treasury Department. The White House confirmed Wagoner was leaving at the government's behest after The Associated...

AUGUSTA, Ga. -- Jabari Bryant didn't go to a car dealership to buy his new car last fall. The 28-year-old went to a retirement community in Tybee Island, Ga., where for $2,000 he bought a navy blue 1988 Chevrolet Caprice Classic Brougham from a man who was "at least 83." The seller said "his eyesight was going and he had no use for the car," recalls Mr. Bryant, an automobile glass installer from Savannah. Young people today don't want their father's Oldsmobile -- they want their grandfather's. Some of the hippest wheels for under-30 drivers today are models commonly identified...