Word: dropping
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...immodest in its assumptions. For instance, GM had forecast a market-share loss of 0.3% per year until 2014. The task force noted that GM has been losing market share at a rate of 0.7% per year for the past 30 years - and GM was planning to drop brands and nameplates. The task force had no reason to think that GM could gain share, and its sales rate proved that point. Industry-wide, March auto sales were down 40% on a seasonally adjusted basis. GM's factory-utilization rate is less than 60%. That's abysmal - the rate needs...
...market is 18% and Honda's (HMC) is 10%. GM's (GM) share of its home market is about 22%. Fifty-five years ago, the No.1 U.S. car company had 54% of the U.S. market. By this time next year, GM's piece of the American car pie could drop another 50%, bringing it closer to Honda...
...Although it is difficult to face, there is still a fair amount of evidence that the economy could be in the midst of another sharp drop. Recent housing figures may have been slightly better than expected, but less awful is still awful. Several large U.S. companies, lead by utilities giant American Electric Power (AEP), said that the year would be worse than expected. It probably is a sign of severe trouble when the electric company is cutting costs. Whether GM goes into bankruptcy or not, it is still shrinking its workforce. Last week 7,600 salaried workers took buyouts. Chrysler...
...buyer who has worked for élite labels like Kenzo and Hugo Boss for nearly a decade. "Before, the wealthy would buy expensive things because they didn't care. Even if they knew they wouldn't wear it, that it would just sit in the closet, they would drop 3,000 euros. Now they are avoiding risks...
...General Mike Ferriter, deputy operations commander of the U.S.-led forces, says the police have taken in 5,000 and the army 500. Even so, the figure is clearly not the promised 20%. A recent hiring freeze in the security forces - prompted by budget woes due to the massive drop in oil prices, which account for about 90% of government revenues - has further reduced the likelihood that the 20% benchmark will be achieved anytime soon...