Word: carlies
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...There were more signs of recovery to come today! GM (GM) said that the $2 billion that it was supposed to need in March could sit in the Treasury a little longer. The car company did not say exactly why it still had money. Perhaps it decided not to pay most of its suppliers or got dealers to make early payments for inventory...
...dilemma facing the car companies is that owners in the recession hope that they can keep their cars operable by spending a few hundred dollars a year on repairs...
...People clearly do not replace everything that is run down in their cars all in one day. That is at the core of the dilemma that the car companies face. It is probably less expensive to repair a car over time than...
...This change in the habits of American car buyers will not go away as the recession ends. Consumers have learned a too painful lesson. There is nothing attractive enough about anything that is new, whether it is a car, a digital camera or a boat to justify financial anxiety. By most estimates sales of light vehicles in the United States in 2009 will drop to about 10 million. Three years ago that number was closer to 16 million. Even if the economy begins to expand at the same rate at which it was in the middle of this decade...
...system, about 100 shareholders of Reunion Bank of Florida gathered for a party. Over crab fondue and London broil, they toasted the start of their spanking new bank. It had been decades since a locally grown bank had opened in Tavares, an old citrus hub about an hour by car from Orlando. "We had folks drive from 45 miles away," recalls Reunion co-founder and CEO Mike Sleaford. "Everyone was so excited...