Word: dealer
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Dates: during 2000-2009
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...those arrested was a Brooklyn man, Levy Izhak Rosenbaum, who was charged with trading in human organs. In Jerusalem's ultra-Orthodox community this week, Rosenbaum, who claimed to be a real estate dealer, was described as a macher, or fixer, who assisted renal patients in finding appropriate medical treatment in the U.S. According to the official complaint, however, Rosenbaum planned to give an Israeli donor $10,000 and then charge the client who requested the kidney $160,000. The payment would be laundered through what Rosenbaum described first as a "congregation," then as a charity. According to published reports...
...With production reduced, dealers have been working off their swollen supply in recent months and many have offered substantial deals. But the inventory problem has been complicated by widespread dealer shutdowns - no change in inventory but fewer dealers to sell it - so the correction process is far from complete. Carmakers had nearly 3 million units on hand at the end of 2008 and could have any many as 2 million units in stock by the end of 2009, according to an estimate by the consulting firm PricewaterhouseCoopers...
...numbers, however, don't tell the whole story because the start of the 2010 model year is only a couple of months away - it officially kicks off Oct. 1 - and once that happens the sea of 2009 models now sitting on dealer lots will suddenly depreciate. (See the most important cars of all time...
...piggyback on the cash-for-clunkers scheme, car dealers are stepping up advertising and manufacturers are offering their own incentives. Chrysler, which has watched its sales dwindle this year to the point where, according to Edmunds.com, it is now in seventh place in total sales in the U.S., plans to match the federal rebate dollar for dollar. Any consumer shopping for a new vehicle will qualify for the program, which offers up to $4,500 for the purchase of an eligible 2009-model-year Chrysler, Jeep or Dodge vehicle through the Double Cash incentive. Mike DiGiovanni, GM's general director...
...Power market research. According to Pawan Goenka, president of Mahindra & Mahindra's automotive business in Mumbai, "The challenge is to make the economics work in a price-sensitive Indian market." For electric cars, "performance and range are major bottlenecks," he says. (Read "Coming to an Ex-Car Dealer Near You: Pickups from India...