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...That's an increase of just 0.3% over 2007. But in a disastrous year for the industry, it boosted Subaru's market share to 1.92%, from 1.2%. In the auto industry, that's a huge increase - and a higher market share than Cadillac, for instance. Subaru did it without giving away the store too. For 2008, the company decided to roll back its list prices and back off the rebates. The sticker price of the 2009 Forester, for instance, was lowered to $19,995, from $21,295. "We had to bring down our incentive costs and stop selling based...
...accomplish both, the company expanded its safety-first image to one that includes better performance and more fun. After all, who wants to motor around in the equivalent of all-wheel-drive bubble wrap? California, a vital auto market, discovered Subaru courtesy of models like the Impreza WRX. All-wheel drive is terrific in the Sierras, but in the Los Angeles Basin, it's more about performance, which the 265-hp, intercooled, turbocharged WRX could address. The muscle models scored well with younger drivers and allowed Subaru to get more exposure for its full line...
...certainly have to add to that list. Don't forget bailing out the financial system, helping deficit-ridden state and local governments, revamping the auto industry and funding more global-development assistance to defeat terrorism and overcome instability. Add it up and it will require perhaps 5% of national income on top of our current spending, or approximately 25% of our total...
...been better if we made some money obviously, but we essentially have a billion dollars in reserve.” Massachusetts ended November with $1.4 billion in its unemployment trust fund. In comparison, neighboring Rhode Island finished the month with under $100 million, and Michigan, hit hard by the auto industry’s collapse, is in debt by roughly half a billion dollars and is implementing a “solvency tax” on some employers to help replenish its fund. The National Employment Law Project—an advocacy group for low-wage workers—reported...
...Three's Bailout I can't understand why there's no talk in Congress about moving auto manufacturers' health-care systems into the federal system in exchange for an equity investment that - as journalist Thomas Friedman has suggested - requires the hybridization of their entire fleet [Dec. 15]. The federal system includes several large health-care units. Why not take Detroit's health-care needs off the automakers' hands and develop a single-payer system before rolling it out on a national scale? Not having to worry about the medical needs of personnel would make Detroit automakers better able to compete...