Word: cadillacs
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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...
...want then?” The above dialogue sums up the first meeting between sharecropper-turned-blues legend Muddy Waters and Leonard Chess, Chicago club owner and soon-to-be head of Chess Record Label. Chess and Waters are the subjects of “Cadillac Records” from writer/director Darnell Martin. Along with a stellar cast and soundtrack, the film tells the semi-true story of Chess’s famed Chicago record label and the struggle of introducing the music of its black artists to the mainstream. Leonard Chess, played by Adrien Brody...
...Japanese firms Honda and Toyota as they are to collapse. In the past couple of years, Detroit has closed the quality gap. Its cars are competitive on engines and drivetrains and fits and finishes. Some top-class products score well with car rater J.D. Power, such as the Cadillac CTS and Ford's new F-150. "What exposes us to failure now is not our product lineup or business plan or our long-term strategy," GM's Wagoner told Congress. "What exposes us to failure now is the global financial crisis...
...days, $750 million was enough to develop a new Cadillac Escalade that would return a variable profit of $10,000 a vehicle. No more. For a restructured GM, the opportunities to produce a return on investment will be a lot more challenging than in the past...
...some of their jets, and all three CEOs said they would forgo salaries if they got the help they need, though that may not satisfy critics who claim the companies need entirely new management. More significantly, GM has pledged to consolidate its sprawling number of brands (focusing on Chevrolet, Cadillac, Buick and GMC), cut more than 20% of its remaining jobs, shutter almost a quarter of its factories and try to reduce crippling labor costs by reopening negotiations with the United Auto Workers. Ford, in its plan, stated that it would roll out all-electric models within two years...