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Detailed text transcripts for TV channel - CNN - 20100912:19:51:00

Years. listen, the reason i like talking about the automotive industry, is it s such apa majo part of american culture. it s a mor part of the american economy. so where is it headed? joining us from yonkers, new york, mike quincy, the auto specialist for consumer reports. mike good to see you. where did we stand now in terms of the health of the u.s. auto industry? compare this to a year and a half ago when we really all thought it couldall off a cliff. right. you had the cashfor clunkers last year,hich certainly helped stimulate sales and clear out inventory. but after the bankruptcy proceedings with general motors and chrysler, i think you saw all of detroit cutting overhead, getting leaner, being real tight out production. and i think that has trickled down to the dealer level. where you don t see acres and acres of cars that the dealers can t sell. so then the automakers have to put up all of these incentives and thatu into their profit margin. so i think detroit is getting ....

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Detailed text transcripts for TV channel - CNN - 20100911:17:51:00

Compare this to a yearhe and a half ago when we thought it could fall of a cliff. you had the cash for clunkers last year, which helped stimulate sales, but after the bankruptcy proceedings with general motors and chrysler, i think you saw all of detroit cutting overhead, getting leaner, being real tig about production and i think that has trickled down to the dealer level where you don t see acres and acres of cars the dealers can t sell, and that cuts into the profit margin. detroit is geing better at el making more money selling fewer ca. you know, we can put aside what it means for the industry and dealers and workers, but in some ways, amerineca going to benefit because we re seeing dift cars. cars we didn t see. cars that make it more interesting to drive a fuel efficient car. it s going to be a long time before you see mass produced electric cars, but when you sigh ....

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