Word: subcompacts
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...lost. I know the dropping price of gas is an ominous indication of the contracting global economy, but I cheer up every time I drive by the pump ($1.78 a gallon!) in my new gas-sipping subcompact. Like some of my neighbors, I downsized last spring after years of driving a relative gas gulper. Small businesses nearby - the outfitter's store, the little cheesecake shop, the coffeehouse, even the independent bookstore - are still open. Word has it that one neighbor finally found a new job and another started a new career. Even die-hard Republicans have high hopes...
...group executive for marketing and sales, following news that the company suffered another huge drop in trucks sales in May. Trucks and sport utility vehicles accounted for 47% of Ford's sales as recently as February but only 34% in May, as consumers opted for compact and subcompact passenger cars. General Motors is adding a third shift at a two assembly plants to meet the rising demand for smaller cars even as it prepares to close four truck plants and puts its entire Hummer operation under review for a possible sale...
...initiative, the Tata Corporation’s Nano, also known as the “world’s cheapest car.” Rather than criticize the environmental impact of this car, people around the world should praise these Indian innovators for their contribution to a developing economy.The subcompact vehicle introduced last month costs $2,500 and Tata’s self-proclaimed goal is to make automotive transport accessible to every Indian family, calling it “The People’s Car.” Proponents laud the Nano as a giant egalitarian step for India...
...beginning to gain traction not just in Japan but all over the world. For example, DaimlerChrysler plans next year to begin selling its two-passenger Smart mini in the SUV-loving U.S. At the same time, most of the world's major automakers expect to produce low-cost subcompact cars for growing middle classes in China, India and other developing countries. Yet the market for kei is likely to remain largely restricted to Japan. That's partly because profit margins are too low to justify international sales. Daihatsu sells some of its minis in Southeast Asia and is working...
Indeed, after an extended drought, Nissan is roaring back with what Ghosn calls a "product offensive." New models include the redesigned Sentra sedan, the subcompact Versa hatchback and, coming next year, a crossover called Rogue. At the Los Angeles Auto Show on Nov. 29, Nissan plans to unveil a coupe version of the Altima, due to go on sale next summer. "When you put so much energy and investment in, you're always nervous," says Ghosn. "Until you see the first few months of sales, you have doubts...