Word: cashes
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...recovery will rest on its ability to hold on to customers or win over new ones. That's no small task, as GM has been forced to skimp on cash for engineering during its yearlong financial crisis. Even so, GM is off to a good start with its new Camaro, which shows signs of becoming a runaway hit. According to Ed Peper, the general manager of the Chevrolet division, which accounts for 70% of the new GM's total sales, Chevy dealers already have 25,000 orders for the Camaro, making it the hottest car GM has rolled...
...m.p.g., is the first genuine hybrid in the critical pickup-truck segment, which represents 15% of the total U.S. market. It's promising but a bit undernourished - the launch of this new hybrid truck has been undermined by cuts in production and advertising as GM has struggled to conserve cash. GM CEO Fritz Henderson says company-wide production should level out during the second half of 2009, and Peper asserts that advertising across models will increase over the next six months. If the hybrid Silverado is successful, it could be a very tangible sign that...
That is, if Congress will approve the boost in federal funding for two-year schools, up from just $1.9 billion in 2006. Finding the cash to pay for this proposal hinges on Obama's plan to save money by nixing subsidies to private lenders under the Family Federal Education Loan Program. That legislation faces opposition from student-loan companies and some Republicans, who say the shift to direct lending - in which Uncle Sam acts as your loan officer - will cost thousands of jobs and keep colleges from choosing between competing loan programs eager to underbid one another. (Read about...
...Wang Baoguo, CEO of the Hangzhou Dafeng Furniture Co., securing two loans via Alibaba has meant gaining the cash to buy raw materials at lower cost. The seven-year-old company employs 150 people and manufactures wooden home furnishings. But despite its experience, Hangzhou Dafeng has traditionally avoided pursuing credit through traditional channels. "A small start-up company like ours doesn't remotely qualify for loans under the banks' criteria, so I didn't even bother to try," says Wang. Through the Alibaba program, the company was approved for a $100,000 loan. After repaying that, it applied...
...classes for this fall. But the proposal has got some teachers thinking. Fred Chavaria, chair of the college's Administration of Justice and Fire Science department, expects four of his classes to be cancelled this fall. He is considering approaching local firemen and police officers' associations - hardly flush with cash - to sponsor endangered classes like Concepts of Law and Terrorism & Counterterrorism. "We're in a crisis," he says, while adding, "I'm not going to take anything from a gun manufacturer." (Read "Can Charter-School Execs Help Failing Public Schools...