C/D: You’re the son of a car salesman?
JB: For 34 years, my dad managed dealerships in Delaware. Mostly GM, but he did run a Chrysler operation and for a short time also sold Fords in Wilmington. He was bringing cars home all that time. I remember my senior prom, being able to take a 7000-mile Chrysler 300D off the lot.
C/D: Which cars do you most recall?
JB: I bought a ’51 Studebaker. My dad thought it was nice and calm, but it had that overdrive, and it was fast. Then I bought a 1952 Plymouth convertible, candy-apple red with a split windshield. I think that was my favorite. I had a ’56 Chevy, then in college I bought a 100,000-mile Mercedes 190SL with those Solex carburetors that never functioned. And I still have my 1967 Goodwood-green Corvette, 327, 350-horse, with a rear-axle ratio that really gets up and goes. The Secret Service won’t let me drive it. I’m not allowed to drive anything. It’s the one thing I hate about this job. I’m serious.
C/D: It must be gratifying to see Chrysler pay off its government loans six years early. Where is GM in its payback schedule?
JB: GM is on schedule. They’ve paid back a significant portion. We still hold 33.3 percent of GM common equity, but the point is that 33.3 percent is worth something. So taxpayers have an asset. But the best news is GM is talking about hiring back essentially the last of the laid-off workers by year’s end. No one ever thought we’d get there.
http://www.caranddriver.com/features/11q3/what_i_d_do_differently_vice_president_joe_biden-interview