Wall Street’s Ride May Go Away

First they came for the fuzzy dice, but I was not a fuzzy dice so I don’t speak out….(via Bloomberg):

The Lincoln Town Cars that chauffeur New York investment bankers home at the end of the day soon may be part of Wall Street history.
Ford Motor Co. plans to close the Wixom, Michigan, plant that makes the sedan and hasn’t committed to production beyond the 2007 model year. Ford’s Mercury Grand Marquis or DaimlerChrysler AG’s Chrysler 300 may be called upon to take the Lincoln’s place.
The Town Car, which makes up more than 80 percent of New York’s 35,000 for-hire fleet, is the “black car” of choice in every major U.S. market, said Neil Weiss, editor of industry magazine Black Car News. Without it, life wouldn’t be the same for thousands of bankers and executives who have been stretching out in the back seat since 1980, usually at company expense.
Investor Warren Buffett is already giving up the ride. Yesterday, he offered his 2001 Town Car in a charity auction.

Posted by Eddy Elfenbein on September 13th, 2006 at 12:36 pm

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.