Word: carly
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Dates: during 2000-2009
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...more prosaic. Consider that scores of suppliers could go under if GM does. Or think of the money owed to hundreds of companies that provide all manner of services to GM. One creditor in the Enron bankruptcy was a local lock-and-safe company; another was an airport car-service firm. Hiring out-of-state lawyers, traveling and staying for months in a city far from home - these might be prohibitive costs to outfits already reeling from GM's fate. "There is no district in this country that has a greater stake in the outcome of a General Motors case...
...press is upset that the car companies will not put on their usual splendid displays at the New York International Auto Show. There will not be a big collection of V8 thunder cruisers, women in bikinis to demonstrate the latest models, and wild concept cars which are inordinately attractive but will never be built...
...auto companies are losing perspective by chopping what they spend when they come to New York. The only purpose that the car show has ever had was to sell cars. The parts about seeing Broadway shows and drinking too much was always a side-show. The Javits Center has acres of space and can accommodate tens of thousands of people over the period of the event. Cheating potential customers of their one chance to see the best of the industry is an invitation to pushing light vehicles sales down even further. Who wants to buy what the car companies will...
After decades of mostly good times, being in the car business is going to be a wretched experience for the next few years. Chrysler may not even be at the next show. GM may not show up with its Hummer or Saturn brands. If domestic car sales keep dropping at 40% per year, the 2010 show may be four used Fords on display in the Javits parking...
...car companies executives, this was the year to build that dirt track, bring in the beautiful women, go to a Broadway show, and have too much to drink. Why take the party out of the wake...