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The banking sector isn't the only industry that is getting clobbered. American car manufacturers are getting hammered because of high oil prices, a consumer shift out of SUVs, and a general sales slowdown. So what is there to do? Cut.

Obama's got a plan, but he won't say were to pay for it. Here is an idea. I know its controversial.

GM's Rick Wagoner is turning to Chrysler, Toyota and the US government for support. The government should commit to giving support, but not in the form requested.

This development probably marks the end of the line for Saab which sold only 7,600 cars in the US in the last 12 months.

GM is offering a sweet financing deal or some good cash back to clear out their 2008 models.

Dealers often markup auto loans by 1-2% without disclosing this information to customers. This is not illegal but it often means you can get a better deal going right to a bank or credit union.

Hard times put a lot of stress on companies. Companies that were already in trouble will not make it.

GM's 10-K showed a funded status of $19 billion, based on assets of $104 billion and liabilities of $85 billion as of Dec. 31. If the union and the employees believe in the company than why not lend the company the money for the turn-around?

President Bush announced that GM and Chrysler will receive $13.4 billion in government loans to keep them afloat until March.

The House just approved a $15 billion loan to the auto industry to help the Big Three keep going a bit longer. The bill has yet to be approved by the Senate although there is growing opposition. This seems like much tougher treatment than what the financial companies received. What going on here?

The current environment presents the perfect opportunity for the government to just say "enough is enough."

For those who don't drive much, usage based auto insurance could provide savings. There are privacy concerns, and more importantly, there are still few options as insurance companies are slow to offer these types of policies.