By David Lee Smith July 25, 2008 Comments (0) I'm confused. Haven't we known for decades that, with the majority of the oil we use coming from overseas, we were perched atop a banana peel that could bring us down any day? Why, then, are the automobile manufacturers just now scrambling to lop heads, cut production, retool plants, and provide the public with cars that will never need a fill-up? Take Ford (NYSE: F), for instance. Yesterday, the company announced its worst quarter since the company was a gleam in Henry's eye -- an $8.7 billion loss. Ford then said it will retool a couple more of its North American truck and sport utility vehicle plants so that it will be able to gin out a half-dozen fuel-efficient models that it has been making and selling in Europe for a while now. But rolling those models off U.S. assembly...
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