Word: dealer
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...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...
...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...
...side, there was some improvement in commodity prices in May - but it was more than offset by an appreciating currency and lower export volumes, which crushed trade receipts. As a result, second-quarter GDP is expected to contract 3.1% on an annualized basis, according to the Toronto-based investment dealer CIBC World Markets. "I wouldn't be surprised if June was as bad as May," says CIBC economist Krishen Rangasamy, referring to Canada's trade deficit. He expects the country's balance of trade to begin improving in the fourth quarter, with annualized GDP growth...
Watch a video about an optimistic Dodge dealer...
Dusky Belaga, pop. 25,300, could be any quaint town in the American heartland. As the sun creeps down, joggers maunder the quiet streets. Old men in wifebeaters gossip and smoke over slow cups of coffee in a café right next door to a licensed ammunition dealer, across the street from a well-kept park with a picket fence. A few kids shoot hoops nearby at a shabby basketball court whose bent rims possibly never even had nets. Somewhere in the direction of the town's lone evangelical church, a weed-whacker hums...