Sun, Jul 12th, 2009
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One month after leaving bankruptcy court, Chrysler has slashed inventories without selling cars at fire-sale prices and already is seeing the estimated resale value of its vehicles increasing.
The company still has a long way to go to get competitive. Scars of 789 terminated dealerships remain fresh, and Chrysler sales for the first half of the year are down nearly 46%.
But suspending production for nearly two months and giving priority to retail sales rather than discounted deals with rental companies are beginning to pay dividends.
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Mattel 2Q Profit Up; Cost Cuts Offset Weak Sales
Jul 14th, 2009 - CNNMoney
(ADDS details and comments from analyst; UPDATES share prices for Mattel andrivals, and ADDS comment on Hasbro's upcoming results.) Of DOW JONES NEWSWIRES Mattel Inc....
CIT Still Fighting to Stay out of Chapter 11
Jul 14th, 2009 - ABC News
CIT Group Inc. is continuing talks with potential lenders to secure billions in much-needed financing and stay out of bankruptcy court after the federal government declined to extend emergency aid to the troubled commercial lender.
Obama's sobering message to Detroit
Jul 14th, 2009 - Freep.com
President Barack Obama, in his first visit to Michigan as chief executive officer of the outfit that now owns most of General Motors Co., did not declare victory Tuesday in the bailout of Detroit's auto industry. Oh...
US Stocks Up Only Slightly Despite Goldman Sachs, Retail Data
Jul 14th, 2009 - Wall Street Journal
Stocks mustered only tiny gains Tuesday, despite strong earnings from Wall Street bellwether Goldman Sachs Group and better-than-expected retail sales data. Major indexes have been stuck all day in a narrow range...
US retail sales up again in June
Jul 14th, 2009 - BBC NEWS
US shoppers are proving resilient despite higher unemployment US retail sales rose in June for the second consecutive month, increasing 0.6%, the Commerce Department said. The increase followed May's 0.5% gain...
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- Chrysler Vs Bankruptcy:Alliance...Report:government telling Chrysler to prepare for bankruptcy filing next week! Chrysler needs alliance with Fiat or else it will file for bankruptcy. People are worried if Chrysler goes bankrupt,resale values could drop.
- General Motors Admits To...these decisions, learned from them and are working hard to correct them by restructuring our US business to be viable for the long term." GM'S COMMITMENT TO THE AMERICAN PEOPLE: wot.motortrend ...
- 2008 Chrysler PT Cruiser...www.careypaulhonda.com Take a look at this pre-owned 2008 Chrysler PT Cruiser, Stock: 8T141032.Visit our website for more information on this vehicle and our full inventory. Carey Paul Honda 3430 Highway 78 Snellville GA ...
- Tri-Star Motors - Auto Butlerwe know that you will want to maintain a great looking vehicle. Outdoor hazards like pollution, ultra violet rays, bird droppings, acid rain and tree sap are constantly attacking your vehicles paint and can jeopardize its appearance and resale value ...
Related stories from Digg:
Chrysler will no longer be allowed to lease vehicles
Chrysler plans on leasing the auto leasing business altogether by the end of the year. While this is a bold step for the struggling automaker, Chrysler has seen steep losses on leased SUVs and trucks thanks to their dismal resale value and high depreciation rate. (Autos)
Complicious2Mon, Oct 6th, 20081 Diggs, 0 Comments
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