Word: totaled
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Dates: during 2000-2009
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...much will the new federal "Cash for Clunkers" program help stimulate sales? Carmakers are hoping the program will add about 250,000 units to the industry's sales total in the next few months. However, the program, which offers rebates of $3,500 to $4,500 for consumers trading in older vehicles for new, more-efficient vehicles, won't get rolling until July 24, and its $1 billion in funding expires Sept. 30. Automakers are already lobbying for more cash. Germany sank $6 billion into a similar scrappage program, China put $4 billion into its equivalent of cash for clunkers...
...That's more than a little surprising when you consider that Mexico has overtaken Canada in production of GM vehicles, making such popular name plates as the Chevy Silverado and Suburban. Last year GM made a total of 504,858 vehicles at four assembly plants in Mexico; that's 9% higher than the 463,869 cars and light trucks produced by GM Canada...
...About three-quarters of the 504,858 vehicles GM Mexico produced in 2008 were exported throughout the Americas and the Middle East. But the vast majority - 68% of the total - ended up being sold in the U.S. market. (Historically GM has profited by importing vehicles into its home market from Canada and Mexico by taking advantage of lower fixed costs...
...There's no such thing as 100% protection," says Toronto analyst Dennis DesRosiers with DesRosiers Automotive Consultants, referring to GM's commitment to Canada. He notes that as Canada's total share of North American auto production has steadily declined since hitting a peak in 2000, Mexico's share has moved in the opposite direction...
...Kate Plus 8 •total overness of, like anyone is going to spend a nanosecond thinking about these hideous nobodies now that Michael Jackson's dead...