Word: detroits
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Administration has decided to take the old-fashioned approach. Instead of creating a post with a big title and vague powers to deal with the problem, the elected President and his ample bureaucracy will decide what's next for the cash-strapped industry. (See pictures of the remains of Detroit...
...aside $1.9 billion to pay owners to junk their old cars and buy something new. At the same time, the U.S. government has handed $17.4 billion to GM and Chrysler, a move that European carmakers say leaves them at a competitive disadvantage. (See pictures of the remains of Detroit...
...deadbeats get a portion of their car loans paid. When cars are repossessed and go onto the market to be sold as "used," that drives down the entire market for similar vehicles. A surfeit of well-maintained cars available at prices well below new ones undermines the ability of Detroit to get its sales back up without having to offer incentives...
...Detroit's woes are a concern, Smith says, "but we've seen that before, years ago when all the manufacturers pulled out of the sport. We've been down that road before. We would rather have them with us, but if they're not, the sport continues...
...France Every Country for Itself? Detroit's automakers aren't the only ones getting a helping hand. French President Nicolas Sarkozy has proposed loans of $3.9 billion each to Peugeot Citroën and Renault in exchange for promises that the companies won't enact layoffs in France. The proposal drew charges of protectionism from other E.U. members, who say the plan could force the carmakers to cut workers in other countries. Other recent E.U. auto-assistance deals...