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This story ties in the slowdown in the housing market to a drop in car sales.

Across the US, car sales are described as dismal. How bad can it get?

Well, if cars were bought with withdrawals from the housing ATM - looks like new cars will be the "old cars". No money in the housing ATM this year, doesn't help manufacturers this year.  What can they do?

Plans are to sell a car made in China from GM/Wuling soon - can't wait - a $5000 car from China is in the pipeline.  China in the WTO, with tariffs dropping, excellent for the consumer, who can now only afford $5000 cars (said only somewhat facetiously).

So if a bad car market encourages new cars from China to enter the US at unheard of prices, which completely undercut pricing from the american and the current asian car-building rivals, where does that leave the US manufacturing base? Completely gutted, that's where.

Good thing Henry Ford isn't around to see this turn of events. Or Thomas Jefferson. Or George Washington.

Yes, this is what freedom and democracy boil down to - buying commercial goods from a repressive regime that owns big chunks of the US national debt, mistreats some of its' citizens, tramples on their human rights, encourages corruption and a widening disparity of wealth and power in China, mocks democracy and creates enough plastic junk to practically carpet the globe - while suffering environmental degradation at home on an epic scale.

Yep, that's progress.

Personally, as another option, I would like to know more about this electric car from India.