Word: gm
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Dates: during 2000-2009
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...Remember what eight years of Republican rule has wrought: missing weapons of mass destruction, the promises we'd be greeted as liberators, Jessica Lynch, torture, the disintegration of Afghanistan. Also: Enron, WorldCom, Bear Stearns, AIG, Fannie and Freddie, GM, Chrysler, Social Security privatization, the $700 billion bailout. Also: Brownie, John Ashcroft covering up that bare-breasted statue at the Justice Department, Alberto Gonzales politicizing the Justice Department, Harriet Miers, the oil lobbyist who edited those global warming reports. Also: Jack Abramoff, Duke Cunningham, Bob Ney, Tom DeLay, Ted Stevens. Also: the Vice President shot a guy, and the President almost...
Ford, Chrysler, Nissan, Honda and Hyundai, which with GM and Toyota account for more than 90% of the new cars sold in the U.S., each reported sales declines of more than 25%. Mercedes-Benz saw its sales drop 35%, while BMW fell 14%. Only Audi posted an increase in sales last month...
...post-World War II era," says Mark LaNeve, vice president of sales for General Motors, the nation's largest carmaker, which reported a 45% drop in sales. "In my 27 years, I never saw a month like this. It was like somebody turned out the lights." Mike DiGiovanni, GM executive director of market analysis, says that in absolute numbers, sales of 851,000 units in October were the lowest since the autumn of 1975. "We did not see this big a decline coming for October," he adds. "The financial crisis is now being fully felt on Main Street," he says...
...Detroit Carmakers Cry for Help Amid talk of a merger with Chrysler, General Motors is lobbying federal officials for sizable financial assistance. In addition to the $25 billion in government loans promised to the industry in an energy bill for production of fuel-efficient vehicles, GM's lending arm, GMAC, is exploring ways to access funds in the $700 billion federal-bailout package, while the company reportedly is also seeking cash injections to cover potential merger costs. GM and Chrysler employ more than 200,000 U.S. workers and support many more jobs in the auto-parts and sales industries; GM...
...Dodge Durango and Chrysler Aspen hybrids. It's not clear at this point whether Chrysler will be able to fill the orders for the hybrids before the assembly plant in Newark, Del., where they are built shuts permanently, a Chrysler spokeswoman said. Roughly 5,000 salaried employees at GM also are expected to leave the company payroll by week's end as part of a series of cutbacks announced in July...