Clunkers keeps guzzlers on road argusleadercom Argus Leader

Posted by laopoulos in What Is It on October 8, 2009 at 7:03 am

Nationwide, more than 670000 new vehicles with an average gas mileage rating of 24.9 miles per gallon were bought under the Cash for Clunkers program, according to government data. ... Inventory was low on many lots before the program began because manufacturers such as GM and Chrysler shut down temporarily because of bankruptcy filings, Anwyl said. The rush of clunker purchases created instability in the industry and left dealerships with fewer new cars on the lot, ...GM's North American market showed a loss of $651 million while GM International Operations recorded a profit of $238 million. The improvement was attributed to incentive programs including Cash for Clunkers and stability in the ...
 
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General Motors Announces the New Companys July September

Posted by kpelckmans in What Is It on October 8, 2009 at 7:03 am

General Motors Announces the New Companys July September

Following the expiration of the successful 'Cash for Clunkers' stimulus program in the U.S. which contributed to GM's strong sales in the third quarter, the company anticipates the U.S. industry total vehicle SAAR volume in the fourth ... Among other items, such factors might include: our ability to comply with the requirements of our credit agreements with the U.S. Treasury as well as the EDC and VEBA; our ability to maintain adequate liquidity and financing sources and ...For the period - that due to GM's emergence from bankruptcy on July 10 did not quite encompass an entire quarter - GM's North American operations lost $651 million. This despite the Cash for Clunkers phenomenon that for one month, ...
 
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Hows That CashforClunkers Deal Working Megan McArdle

Posted by apironti in What Is It on October 8, 2009 at 7:03 am

Cash for Clunkers moved a bunch of auto sales forward, causing people who thought they might replace their car in the next year or two to rush into the showrooms. Now, in the aftermath, sales are plummeting: 47% at GM, 44% at Chrysler, ...The U.S. total-vehicle sales rate will be 10.7 million units in the last three months of this year. GM said demand averaged 11. 7 million units in the third quarter, buoyed by the government's cash-for-clunkers program. ...... GM , bank bailout plan , and creating more jobs after trillions in "stimulus" . Even the Obama-touted but poorly planned Cash for Clunkers unexpectedly ran out of money in the first week. ...
 
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COMMENT

1 comments to "Cat Pizza"

  1. bpluymers
    November 1th, 2009 at 08:03PM

    bpluymers say: damn, office did copy this. DAMN U NBC!


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