Charles Gasparino, CNBC, Fox Business News

What is the future of the auto industry?

Will the Chinese have manufacturing in the United States?

Most car companies manufacture in the United States and that helps their currency hedging.

China has:

1. cheap labor

2. socialized healthcare

3. and their currency is hard pegged to the United States

Will Chrysler manufacture in the United States, and why?

Second segment:

Alternative fuels – do they work?

Wouldn’t it be in the auto company’s best economic sense to make alternative fuels if they could?

We talk about what we were doing during the oil crisis: I worked at Chevron, Charlie pumped gasoline.

In the ’70s Brazil went to ethanol and they are completely off the dependence of foreign oil.

Where are we with hydrogen, lithium-ion batteries?

How long will we have gasoline vehicles?

What is the difference between the plug-in Prius and the Chevy Volt?

How will people be able to afford new cars?