Word: newes
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...dealers welcome more new customers every day," says Ken Czubay, Ford's vice president of U.S. sales and service...
...What we're seeing is the gradual recovery for the industry," says Jim Campbell, domestic marketing chief for GM's Chevrolet division. Along with the sales gains for Toyota, Ford and GM - the new Big Three - Subaru, Nissan, Kia, Hyundai and Audi also saw increases...
Industry analysts see the current gains as more than a flash in the pan. "We think there is a steady recovery under way. We expect it to continue," says Scott Painter, CEO of TrueCar.com, an online car-buying guide. That bullish view is supported by a new round of positive economic signals. While consumer confidence remains shaky, underlying economic indexes, such as freight-car loadings and oil-rig counts, show that the overall economic picture is improving. (See pictures of the best-selling cars in China...
...Recession seems to have put a crimp in Americans' long-standing love affair with the automobile. R. L. Polk & Co., of Southfield, Mich., reported this week that the number of cars and light trucks scrapped in the 15 months from July 1, 2008, to Sept. 30, 2009, "substantially outnumbered" new vehicle registrations. Polk's tally for the 15-month period shows that 14.8 million vehicles were scrapped, while registrations of new vehicles totaled 13.6 million. That suggests that families may be downsizing from three cars to two or even fewer and escaping the annual car taxes, insurance and maintenance costs...
...much. She has not acted out of pure selflessness. As the richest nation in Euroland, Germany would have had to pay the largest share of the bailout. And if the euro careens out of control, Germany would end up as the biggest loser. With the euro derailed, the new deutsche mark would be everybody's darling, driving its value up - not a cheery prospect for the world's second biggest exporter. (See video: "Globabl Business Trips: Germany...