Word: annualized
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Negotiations between GM and Magna - based in Aurora, Ont., it's one of the world's biggest auto-parts suppliers, with annual revenue of $23.7 billion - have hit one roadblock after another. A key sticking point is disagreement over Magna's right to use GM's technology and engineering, particularly in Russia and Eastern Europe, where the parts company has plans for aggressive expansion. (See the most exciting cars...
...that, there will be a natural decline in new-vehicle sales for the rest of the year when compared to August levels unless we see a new stimulus or record manufacturer incentives. Without those stimulants, we'll go back to the preclunker levels of about 10 to 11 million annual vehicle sales...
...least the next couple of weeks. If the auto-sales rate drops below expectations, there is always a chance Congress may come up with a similar or totally new stimulus idea, but that won't likely happen unless we experience another period of sustained sub-10 million level [in annual car sales], which I hope never happens again...
...What They're Suspending in the U.S.: Strapped for cash, Florida, Massachusetts and Maryland eliminated their annual sales-tax holidays--periods in August when customers can buy items like clothing and school supplies tax-free. While critics argue that the consumer savings would have stimulated the economy, the states say their ailing budgets desperately need to retain the millions in tax revenue...
Kirkland House: 1. Small house that hosts the annual Incest Fest...