The Los Angeles Auto Show is a somewhat quiet affair for the Detroit Three. But the auto show that is in the city where General Motors, Ford and Chrysler all covet better sales, is not without news and a few meaningful curtain raisers.
Honda, Hyundai and Toyota all announced they will have hydrogen-powered cars for sale by 2015. The news was made during media days for the Los Angeles and Tokyo auto shows, both of which open to the public this weekend.
Even Bush doesn't want to go down in history as the man who oversaw the destruction of GM, Ford and Chrysler (I hope), and I'd guess Obama wishes he could install his own new team now and fire Paulson.
Sen. Reid's new bailout bill for the Detroit Three does not set additional fuel-economy requirements, nor does it establish a government oversight board. That's two strikes against getting our money's worth.