This week we welcome Kathleen Ligocki, an auto industry consultant who is a former Ford VP, supplier company CEO and an expert in emerging markets such as China. We'll be asking her if she thinks Detroit has really recovered yet from the economic meltdown. As usual, we'll also get into the news of the week like Edmund's prediction that sales will be down this month. Also we'll discuss Ferrari's decision to drop manual transmissions and some recent news about ethanol. John McElroy's in studio with Peter De Lorenzo, the Autoextremist, and David Welch from Bloomberg BusinessWeek.