Waddling into first place, not surprisingly, is Los Angeles County, the car capital of auto-crazed California.
According to Xinhua, Beijing will "withdraw support for foreign capital in auto manufacturing... because of the need of the healthy development of domestic auto making".
In the capital, Delhi, auto-rickshaws and taxis were off the roads, but metro services were functioning normally.
Chrysler's business model may be innovative, but it's not the first time an auto supplier invested capital in a manufacturer.
Won't other, more profitable businesses never form thanks to the auto sector hogging precious capital in non-economic ways?
Most tellingly, where Czech companies have received a hefty capital injection, as has Skoda Auto (now a subsidiary of Volkswagen), they have done well.
In the third quarter, Capital One witnessed strong growth in auto loans and we expect auto originations to remain strong, driving continued growth in auto loans.
While moving many auto loans off its balance sheet, GMAC is also pumping more capital into its fast-growing mortgage and insurance businesses, which generate higher margins than auto financing.
Further, analysts with Barclays Capital say there are signs of strength in Chinese auto sales.
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He wonders why taxpayers should provide Chrysler with additional funding when Cerberus Capital Management, which owns an 80% stake in the auto company, won't extend additional cash.
Leaf springs, its high-volume product that accounts for 67% of its auto parts sales, are fairly simple, low-capital-intensive suspension components.
It also bulked up its capital late last year by selling 35% of its U.S. auto-financing business to private-equity firms.
But now speculation is swirling that certain investor groups are eyeing Midas (MDS) as a buyout candidate, including a private equity capital management firm, one large hedge fund, and a major company engaged in auto-related businesses.
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Matthew Fitzmaurice, whose fund of hedge fund group AWJ Capital Partners manages a leading sustainable-focused fund, already has money on the table in those auto industry companies that are leading the way toward higher fuel efficiency and lower emissions.
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One way of doing that is to provide an exemption from capital-gains taxation on all debt or equity instruments used in the next six months to invest in the troubled auto makers.
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