Word: auto
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Dates: during 2000-2009
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...very modest investment. A car owner who has a vehicle that was made in 2005 with 80,000 miles on it can probably be made nearly new. It can certainly by rebuilt so that it is at the level that a "certified pre-owned" car is. Most of the auto dealers take low mileage trade-ins and, after a few modest repairs, sell them as nearly new. They even carry a warranty. A car dealer with skilled mechanics and parts from the original manufacturer can take a four- or five-year-old car and transform it into one that operates...
Chrysler LLC has warned the Canadian government and the Canadian Auto Workers (CAW) union that it will close its assembly operations north of the border unless it gets $2.3 billion in loans from Ottawa, a 25% reduction in labor costs and a waiver on more than $1 billion in taxes owed...
...Mexico, a position that has not only infuriated the CAW, but also triggered a public backlash against the teetering automaker. "I'm truly shocked," says analyst Dennis DesRosiers of Richmond Hill, Ont.-based DesRosiers Automotive Consultants. "LaSorda said things I thought I would never hear from an auto executive." The privately owned automaker has not shown the same flash of bravado and temper in dealing with Congress and the United Autoworkers (UAW) at home. (See pictures of Detroit's decline...
...wage costs below that of the UAW's. Chrysler's hourly compensation for its Canadian work force, including non-wage benefits such as paid time off, is about $58 (C$75) compared with $55 in the U.S . The Detroit Three have extensive operations in Canada because under the Auto Pact signed in the 1960s, they agreed to make 60% of the cars sold to Canadians in their country. In exchange, tariffs were removed from vehicle imports...
...best cars from the 2009 Detroit Auto Show...