Word: vices
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...loans deductible or granting tax credits for scrapping old cars - moves designed to encourage consumers to purchase new vehicles. And it's not just Detroit that's hurting. "We would be in favor of some kind of action if it was across the board," says Irv Miller, vice president of public relations for Toyota Motor Co., which saw its sales drop 26% last month in spite of ongoing zero-interest financing deals...
Carmakers are also moving up year-end-sale promotions in a bid to get consumers back to the showroom. "We'll see the year-end events start as soon as the election is over," says Jim Farley, vice president of sales and service at Ford Motor, where sales dropped 30% last year...
Auto executives, though braced for hard times, were clearly stunned by the latest data. "If you adjust for population growth, this is probably the worst industry-sales month in the post-World War II era," says Mark LaNeve, vice president of sales for General Motors, the nation's largest carmaker, which reported a 45% drop in sales. "In my 27 years, I never saw a month like this. It was like somebody turned out the lights." Mike DiGiovanni, GM executive director of market analysis, says that in absolute numbers, sales of 851,000 units in October were the lowest since...
...Obama’s campaign collected millions of cell phone numbers this summer, promising to send supporters a text-message announcement of its vice-presidential pick. Now those numbers can be used to push supporters to vote...
...Sarah Palin rally in Fort Wayne last Saturday night. The cars rolled up the main road here, past the Hooters and Showgirl III, the violet-colored strip club with tinted windows and a sign that read "SARAH PALIN LOOKALIKE 10 p.m." Just beyond it was Memorial Coliseum, where the vice-presidential nominee herself was appearing, taking the stage after Hank Williams Jr. revved up the crowd. After giving a shout out to the campaign's growing cast of real Americans like "Doug the Barber" and "Chris the Electrician," Palin blasted Barack Obama for "talking about redistributing the wealth...