Word: buick
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Dates: during 2000-2009
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...sales in the U.S. are improving, aided by cash-for-clunkers, as well as positive consumer response to the Camaro, Buick LaCrosse and Cadillac SRX. In addition, new compact crossover vehicles, the GMC Terrain and Chevrolet Equinox, have sold so well that GM is adding a third production shift at an assembly plant in Ingersoll, Ont. Since mid-September, when it began offering to take back vehicles from dissatisfied customers, only a tiny fraction of the cars GM has sold have come back to dealers, Docherty notes. "We've sold 300,000, and we've had 163 physical returns...
...popular as it was among manufacturers, whose bad arithmetic cost them a fortune a few years back. But if you can find a leasable model you like - GMAC Financial Services and GM are offering packages for the 2009 Cadillac CTS, several new Chevrolet models and the 2010 Buick Enclave and LaCrosse - the numbers might work if you drive fewer than 15,000 miles a year, want to keep a warrantied vehicle for only a few years and don't have lots of cash (say, 20%) for a decent down payment. One example: a Nissan Sentra priced at $20,000 will...
...compared with $39,000 in the U.S. and $33,400 in the E.U. To be solidly middle class in China's big cities is to have an income of about $12,000. Brisk though auto sales may be, most Chinese still can't afford a Volkswagen or a Buick, let alone a BMW. Even as China's consumers feel richer, their share of its economy may not change much until Beijing enacts reforms to the health-care and social-security systems, steps that would give people more confidence to spend rather than save. Last year, says Peking University's Pettis...
...Detroit GM Comes Speeding Back After racing through bankruptcy in 40 days, a slimmed-down General Motors emerged from Chapter 11 focused on just four brands: Chevrolet, Cadillac, Buick and GMC. The Federal Government, which has committed $50 billion to the company, took a majority stake and installed a new chairman. The restructurings of GM and Chrysler were considered coups for President Obama's auto task force, whose head, Steven Rattner, said he will step down...
...Buick Lacrosse, a traditional full-size passenger car in the near luxury segment, is GM's answer to some very tough competition from Acura, Lexus and Lincoln. GM, which rode to glory on full-size cars but over the past two decades let its edge slip away, insists the new Lacrosse is quieter, handles better and is more powerful and more luxurious than the competition. Early reviews have been favorable...