Word: consumerized
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Turns out the terms may have been too rich. Cash for clunkers (the official name is Consumer Assistance to Recycle and Save, a.k.a. CARS, but nobody calls it that) had customers scrambling to car dealerships in droves after it went live on July 27. Despite being in effect for only...
Chevy Volt's 230 m.p.g. sounds good, but what about 60 m.p.k. or 25 kWh/100m? The array of advanced car technologies hitting the consumer marketplace has brought enough boasts, confusion and questions to fill a gas-guzzling SUV's cargo hold.
"We're pleasantly surprised, and didn't expect this before the third quarter," says Gilles Moec, a European economist for Deutsche Bank in London. "But the improvement is rather thinly spread, and not necessarily sustainable. A lot will depend on whether the positive activity in exports and consumer spending continues...
True, Germany's 0.3% second-quarter spurt is a modest one. But it's a vast improvement on the economic contraction of 3.1% that Germany suffered in the first quarter of 2009 - its fourth straight negative quarter. France's identical 0.3% advance contrasts its 2008 first-quarter shrinkage of 1.3...
France and Germany's Q2 economic growth was also fueled by increased business investment financed in large part by governmental stimulus plans introduced late last year: $37 billion for France and $67 billion for Germany. But the economic engines revved up by those funds could still stall anew if organic...