Word: fueled
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...automotive industries are rolling out programs to ease the short, sharp shock of plunging sales by giving consumers incentives to start buying again. In January, China slashed its sales tax on cars with engines of up to 1.6 liters. The measure, designed to get Chinese to buy smaller, more fuel-efficient vehicles, had an immediate impact. January sales of small cars jumped 19% compared with the previous month, according to the China Association of Automobile Manufacturers. The buying binge meant that, for the first time ever, more cars were sold in China (735,000 vehicles) in a month than were...
...rally that took the S&P 500 up 6.4% to 720 got most of its fuel from bank stocks. Whipping boy Citigroup (C) moved up 38% and that pulled other banks such as Wells Fargo (WFC) up almost...
...turbulent situation in Afghanistan and Pakistan's key role cannot be solved by an equation of needs and wants, as spelled out in the chart accompanying Bobby Ghosh's article [Feb. 16]. Pakistan's main concern is oblivion. The incursions and drone attacks in the country's tribal belt fuel antagonism and hatred toward the U.S. Richard Holbrooke needs to evolve a strategy that leads to a stabilization of the region. Indian intransigence toward a resolution of the Kashmir conflict needs to be redressed. Indeed, that is the tougher challenge that Holbrooke will confront: persuading New Delhi to shelve...
...since World War II," says Julie Becker of the Alliance For Automobile Manufacturers, representing both foreign and domestic nameplates. Adds Eric Fedewa, vice president at CSM Worldwide, a forecasting firm based in Northville, Mi.: "Our analysis suggests that allowing California and other states to regulate CO2 emissions, and thus fuel economy, will further damage companies that are struggling, like GM, Ford and Chrysler, and much of their supply base, and potentially destabilize relatively healthy companies like Toyota and Nissan." Asian and European carmakers typically enjoy better fuel economy than the Big Three, but they fear the California rules will impede...
...Consumers will get an immediate payback from better fuel economy since motorists now live in a world where high gasoline prices are the norm and downward spikes in price, such as the one caused by the recession this winter, are likely the exception. "Even General Motors believes fuel prices will go up," says Kliesch...