Word: shutdowns
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...statement about the extended holiday shutdown, Chrysler said the lack of financing for car loans contributed to the move. "Due to the continued lack of consumer credit for the American car buyer and the resulting dramatic impact it has had on overall industry sales in the United States," the action was needed, the company said. At a recent meeting between Chrysler management and dealers at Chrysler's headquarters, the dealers asserted that they have willing buyers for Jeep and Dodge vehicles but are unable to close the deals due to lack of financing. "The dealers have stated that they have...
Ford, while not seeking federal aid, has announced plans to extend its holiday shutdown at 10 assembly plants next month. Lewis Booth, Ford's chief financial officer, declined to make predictions about industry-wide sales for 2009, but noted, "We're seeing weak sales in Western Europe and in Eastern Europe, where sales in Russia dropped." Russia's weakness prompted Ford to trim production at its new assembly plant near St. Petersburg. "We're even seeing weakness in South America, where sales were very strong right through September," he said. Ford, however, has enough cash to make it through...
...Buick, Pontiac and GMC brands, also tried to strike a positive note: "If you look at the brands I'm responsible for, our business was up 10% the first five months of the year," Docherty said. "It's frustrating," notes Docherty, adding the recession is speeding up the shutdown of dealerships. "We've got 6,100 dealers and we're going to go down to 4,500," she says. (See pictures of autoworkers...
...Closing Down the Dark Side," Mark Kukis says there is a problem with how the suspected detainees at a shutdown Guantánamo would be prosecuted if brought to the U.S. [Dec. 8]. If this were done, he says, "avowed terrorists" might walk away "on a technicality." In light of recent Supreme Court decisions making the writ of habeas corpus available to Guantánamo detainees, this is precisely how those detainees are to be tried, regardless of venue. To downsize a constitutional right into a technicality in the field of American jurisprudence is equivalent to considering gravity a technicality...
...Closing Down The Dark Side," Mark Kukis says there is a problem with how the suspected detainees at a shutdown Guantánamo would be prosecuted if brought to the U.S. [Dec. 8]. If this were done, he says, "avowed terrorists" might walk away "on a technicality." In light of recent Supreme Court decisions making the writ of habeas corpus available to Guantánamo detainees, this is precisely how those detainees are to be tried, regardless of venue. To downsize a constitutional right into a technicality in the field of American jurisprudence is equivalent to considering gravity a technicality...