Word: longer
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...There were more signs of recovery to come today! GM (GM) said that the $2 billion that it was supposed to need in March could sit in the Treasury a little longer. The car company did not say exactly why it still had money. Perhaps it decided not to pay most of its suppliers or got dealers to make early payments for inventory...
...powerful argument against a major car company refurbishing its own used products is that it will keep people from buying new cars. In some cases that is true. But, the fact that Ford's sales monthly are down as much as 40% undercuts the logic. As people keep cars longer, the argument will be less compelling. Most new vehicle buyers now probably fall into two groups. The first are people whose vehicles are so old or badly damaged that they need a new car. The other group is people who want a new car, can afford...
...good for 100,000 miles or more and perhaps six or seven years of use. Americans are learning that the hard way because they can't afford new cars, but it is a lesson which is not likely to be unlearned. People are going to keep cars longer and fewer new cars are going to be sold. America's car companies are in a better position to refurbish or repair cars and trucks than local mechanics are. Their service departments have almost uniformly well-trained people. They have access to new parts from the manufacturer. They have the ability...
...maintenance of cars that are no longer new but have to be repaired over time is a tremendously large and very profitable business. Building and selling new cars has lost most of its luster. And, it is not a stand alone industry any more. There is too much competition and not enough money...
...longer need them to lead the way, now that the Obama Administration has promised the country that its environmental agencies are back on the job. And in a recession, there will be few barons, eco- or otherwise, left standing. But even with a friend in the White House, the environmental movement still faces hurdles, from oil companies to civic passivity, so there will always be a role for those with the will - and sometimes the wealth - to make a difference...