Word: vices
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Across the board, auto executives see their plight linked to the credit crisis. "The customers need to have a clear mind that they can get financing," says Jim Press, vice chairman at Chrysler, where sales dropped 35% last month...
...Motor Co., despite its financing deals and a heavy advertising schedule, reported that sales of its SUVs dropped 32% and sales of its pickup trucks fell 42%. Even sales of the ubiquitous Toyota Camry took a hit. "Right now the market is quite challenged," says Robert Carter, Toyota's vice president of sales, noting that even lower gasoline prices have failed to excite consumers...
...experiencing one of the most challenging times in recent automotive history," says Dave Zuchowski, Hyundai Motor America's vice president of national sales. But Zuchowski takes his best shot at optimism: "With the financial markets beginning to stabilize and the election behind us, we believe consumer confidence will be bolstered, and prospects who have been on the sidelines during this period of uncertainty will re-emerge into the market," he says. Or maybe...
...more that I've been doing it a long time. It's not as interesting as it used to be. Despite the history that's been made - and history will be made; we'll either have the first female vice-president or the first African-American president - the underlying issues are the same old ones...
Like a man revisiting the scene of a bad car wreck, former Vice President Al Gore came to Palm Beach County, Fla., on Friday. Palm Beach, you may recall, is where butterfly ballots, hanging chads and other election catastrophes helped thwart Gore's efforts to win Florida's electoral votes - and the presidency - in 2000. That bizarre recount drama gave the White House to George W. Bush by just 537 ballots. This time Gore was stumping for Barack Obama, but memories of the 2000 debacle were surely not forgotten, especially since Palm Beach keeps experiencing electoral mishaps. The county...