‘Cash for Clunkers’ Gives Auto Industry a Lift
Posted in Main Blog (All Posts) on September 2nd, 2009 4:45 am by HL
‘Cash for Clunkers’ Gives Auto Industry a Lift
Those dangerous socialists in our federal government have really done it this time. Why, they’ve … engineered a way to give the American auto industry a much-needed boost with their successful “Cash for Clunkers” program. —KA CNN Money.com: The auto industry temporarily awoke from its slumber last month thanks to the U.S. “Cash for Clunkers” offer, led by a 17% sales jump at Ford Motor Co. (F) that further highlighted the performance difference between it and Detroit rivals General Motors Co. and Chrysler Group LLC. Ford’s gain was also helped by its trucks posting the first year-over-year sales increase in nearly three years. Meanwhile, Chrysler’s 15% decline was in part due to a lack of inventory – most of the company’s plants sat idle for almost three months as the auto maker dealt with its bankruptcy process. Chrysler finished the month with 100,238 units in inventory, down 74% from a year ago, and representing just a 28-day supply. That’s why the company recently announced a 50,000-vehicle boost to planned output. Read more READ THE WHOLE ITEM
Those dangerous socialists in our federal government have really done it this time. Why, they’ve … engineered a way to give the American auto industry a much-needed boost with their successful “Cash for Clunkers” program.? —KA
CNN Money.com:
The auto industry temporarily awoke from its slumber last month thanks to the U.S. “Cash for Clunkers” offer, led by a 17% sales jump at Ford Motor Co. (F) that further highlighted the performance difference between it and Detroit rivals General Motors Co. and Chrysler Group LLC.
Ford’s gain was also helped by its trucks posting the first year-over-year sales increase in nearly three years. Meanwhile, Chrysler’s 15% decline was in part due to a lack of inventory – most of the company’s plants sat idle for almost three months as the auto maker dealt with its bankruptcy process.
Chrysler finished the month with 100,238 units in inventory, down 74% from a year ago, and representing just a 28-day supply. That’s why the company recently announced a 50,000-vehicle boost to planned output.
Related Entries
- September 1, 2009 Will Japan’s New Leader Maintain His Country’s Fealty to Washington?
- August 31, 2009 Why We Must Stay in Afghanistan
- August 31, 2009 Top U.S. General Calls for Strategy Change in Afghanistan
- August 30, 2009 Don’t Stop Till You Get Enough
- August 29, 2009 Losing the War of Ideas
Fighting Swine Flu With Elmo, Obama
As American schoolkids clamber back onto buses and funnel into classrooms, the federal government is working on ways to squelch the swine flu virus, which may not be as ferocious as health officials first feared but is proving to be pretty tenacious. President Obama, as well as a familiar red fuzzy friend, are on the case in this clip from The Associated Press. READ THE WHOLE ITEM
As American schoolkids clamber back onto buses and funnel into classrooms, the federal government is working on ways to squelch the swine flu virus, which may not be as ferocious as health officials first feared but is proving to be pretty tenacious. President Obama, as well as a familiar red fuzzy friend, are on the case in this clip from The Associated Press.
Related Entries
- September 1, 2009 Will Japan’s New Leader Maintain His Country’s Fealty to Washington?
- August 31, 2009 Why We Must Stay in Afghanistan
- August 31, 2009 Top U.S. General Calls for Strategy Change in Afghanistan
- August 30, 2009 Don’t Stop Till You Get Enough
- August 29, 2009 Losing the War of Ideas
