Word: carred
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Chrysler, however, appears to have had insufficient inventory in stock at dealers to take advantage of the surge in new-car shoppers, says Jessica Caldwell, an analyst for Edmunds.com. "Chrysler's lack of small cars also hurt," she adds, nodding to the Clunker-program buyers' strong preference for fuel-efficient vehicles. Even struggling General Motors Corp., which also closed its factories after filing for bankruptcy and saw total sales drop year over year, reported a sales increase of 30% in August, when measured against the previous month. Overall, Chrysler sales were up a meager 5% compared with July and dropped...
Chrysler executives insist that their numbers were not as bad as they appear. "Chrysler Group's large-car, minivan, crossover and truck segments all posted increases in retail sales in August," says Steven Beahm, vice president of sales operations, adding that Chrysler now has a 28-day supply of vehicles on dealer lots, the lowest figure in decades. Beahm also notes that Chrysler's truck, van and Jeep sales have been relatively stable. Of course, that's a far cry from what's needed most right now - sales growth. And new products designed with help from Fiat won't arrive...
Perhaps more troubling than current sales is a loss in public confidence. A new survey from Consumer Reports indicates that while more Americans are willing to consider purchasing an American vehicle, they don't view American cars equally. While the number of new-car buyers willing to consider a Ford has increased 17% and consideration of GM models has increased 6% - despite the company's bankruptcy - the number of shoppers willing to consider a Chrysler has dropped...
...community-led initiatives and development aid. In fact, if the rate of violence in the first eight months of 2009 continues through December, this year will be bloodier than 2008. In June, unidentified gunmen sprayed a mosque with bullets, killing 12 people, while late last month a 50-kg car bomb detonated at a packed restaurant, wounding some 50 bystanders. (Read "Anatomy of a Forgotten Conflict...
...most high-profile attack on an elected official in recent years, Pakistan's Religious Affairs Minister survived a brush with death after gunmen opened fire on his official car in the heart of Islamabad on Wednesday. The minister, Hamid Saeed Kazmi, was shot in the leg, but is stable and undergoing treatment at a nearby hospital. The attack killed his driver...