Autoline After Hours 55 - Car Wreck

This week we welcome the author of the book Car Wreck, Mark
Ragsdale, a former dealership owner and operator that says the U.S.
auto industry took the American public for a ride. By the way, he
wonders, why has there never been a dealer on an auto company’s
board of directors? And, according to Ragsdale, you should never
buy a new car again–only lease, and he’ll tell us why. Of course,
we’ll get into the news of the week: Chrysler posts a profit, the
UAW wants more compensation, and sales slow down in China. John
McElroy’s in studio with Peter De Lorenzo, the Autoextremist, and
David Welch from Bloomberg BusinessWeek.