Word: expectations
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That's one of the more disturbing descriptions you could have given. [Laughs.] But there's something really engaging and sweet and warm about it, and that's something I didn't expect...
...Audi isn't doing too badly in the recession, but sales are down, right? You cannot expect to escape the effects of the market. The luxury market is down by over 30%. I think if you compare our performance in that context, Audi is unquestionably the best performer in the luxury sector in the U.S. We're also selling more expensive cars and customers are buying better-equipped cars. This means on a revenue basis, we are virtually equal to last year, and I'm kind of grateful for that...
Even if the tax credit is extended, don't expect it to trigger a quick housing rebound. Although home prices have plunged about 30% on average from their peak in mid-2006, with certain markets in Florida, California and Nevada seeing prices plummet as much as 70%, they haven't troughed yet. With foreclosures still rising and unemployment expected to approach 10.5% in mid-2010, home prices are expected to tumble another 10% over the next six months before bottoming, says Robert Stevenson, managing director at Fox-Pitt Cochran Caronia Waller. And he expects prices to remain depressed until...
...contrast, both the newly profitable Ford Motor Co., and General Motors Corp., which had followed Chrysler into bankruptcy, reported modest sales increases during what was the best month for new cars sales in more than year. "The industry showed signs of improvement this month, which is a trend we expect to continue for the remainder of the year," said Fred Diaz, the top executive in Chrysler Sales Organization, as he scrambled to put a good face on his company's collapsing sales. (See pictures of American muscle cars in movies...
...Throughout the weekend we really progressed as a team, and individual sailors also honed their skills,” the skipper said. “We expect to do well at ACCs, especially because the conditions will be similar to what they were this weekend...