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So much to talk about in the auto business the Fiat Chrysler deal hitting a roadblock -- -- becoming.
A competitor to parent General Motors to better discuss all this -- the -- and we found out that the new GM chairman will be Ed Whitacre former head of AT&T but a man who does know cars John -- -- here Hyundai CEO.
They stay the same would have been better if the government had not rescue GM.
And Chrysler and just let them -- a quick death at least from your perspective running Sunday.
I think that's a question a lot of people are asking right now.
We've spent an awful lot of money US taxpayers spent an awful lot of money over fifty billion dollars for GM and you know if it's getting difficult -- to total it all up.
One thing we know is that congress right now has ability could help the entire industry -- fleet modernization actors or cash for clunkers.
Dollars of rebate really to the consumer to get them out and buying cars.
We just as some research on the state and surprising data.
38% of Americans are aware of this.
And 11% of American car buyers are putting themselves on the sidelines saying you know I'm gonna wait to buy a car until I find out more about this stimulus bill.
That's a 100000 -- a month.
That the industry's pass an -- now.
They're literally on the sidelines literally on the sidelines waiting and wish to wait Brian if you knew you could get 354500.
Bucks off on you on your car courtesy of US government.
Now -- they go quickly and it could answer this but -- and ask your thoughts Ed Whitacre former CEO of AT&T.
The chairman of General Motors and this the guy who famously did not use a computer in his office.
You know there have been examples of of great CEOs coming into the auto industry who didn't have an awful lot of automotive experience -- lately is doing a great job forward for example.
But if you ran an industrial company in the end it's different and I think it's any challenge.
We'll see how he does.
I know from Hyundai point of view we've always had very strong on -- people run and the company -- chairman.
Grew up in the parts and service Syria -- vice chairman can still design -- engine by hand.
I mean it's that that we think that's important in terms of developing great products the customers -- analog that's what the industry's all of us.
-- John back to my initial question about should the government decided let GM and Chrysler go.
What is it still may be a good thing if the government runs these companies into the ground because do you think that they could that government's going to be able to run these companies.
-- -- for the right reasons for profitability and.
Success it's a great question that -- and if you look at what history teaches us.
Renault was -- nationalized company for years right British -- in the UK.
And if you look at the track records of those companies while they were under government stewardship really not so good in terms of the products they are delivering for consumers there.
Wildcat strikes every slam on -- -- -- pastor you know.
All right production plants there is some -- you just talked about people on the sidelines but we also some anecdotal -- -- serving in some other stuff that.
Car companies are planning to increase production in the back half of the year which means you think people are gonna come back to the market what are -- -- production -- You're absolutely right so the industry really turned down and a lot of us turned turned down our production facilities right fourth quarter -- your first quarter of this year.
Now we're able to turn factory is on again and production rates are increasing for Hyundai and for others in the industry as well.
Now's the time were working off the inventories that we've accumulated.
What about the Hyundai it's insurance plan how many people have brought their cards back.
That has worked great for us you know that was how we kicked off the year -- got a lot of people talking about Hyundai.
Less than half dozen so far -- and it's been a tremendously successful way to get people talking of our brand.
Tended to give us a little bit more voice in in show we're brand that cares.
But so -- very few people have -- had to take the car back and that's that's actually good news.
-- Brad Benson is a dealer near means potential New Jersey former New York giant he left and he got to become.
He's he's celibate until he becomes the number one Hyundai dealer in America now he's getting ready like I'm prominence.
And could become number one number two I'm not kidding.
If that's commitment that's another guy but the poor guy is he close.
He's in the top five I'll tell -- he's doing a great job someone -- is for the market for him to sell the seat for cars Plante whatever cash for clunkers Brian whatever he's doing his work -- -- solve a lot of -- for us I know there there three or four other Hyundai dealers who would like to see Brad -- sold for a little bit longer.
It's -- it's on US one I'm not I'm not kidding -- -- the radio ads that market.
John it was great to see giant tiger attack of Hyundai North American BC EO of Hyundai in this country come -- thing what are they say thank you very much on are the Obama.
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