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Automakers are offering cash rebates and dealers steep discounts to try to make room on lots for new models.
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Freewheeling American capitalism may be falling out of fashion on Wall Street, but in the western suburbs of Northern Virginia, it is driving one of the greatest home-buying sprees the region has ever seen.
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SAN FRANCISCO/SEATTLE (Reuters) - Apple Inc reported a stronger-than-expected 26 percent rise in quarterly profit, spurred by strong sales of its new iPhone, and its shares rose 13 percent on Tuesday.
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General Motors’ October U.S. sales plunged 45 percent and Ford’s dropped 30 percent, as low consumer confidence and tight credit combined to scare customers away from showrooms.
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General Motors’ October U.S. sales plunged 45 percent and Ford’s dropped 30 percent, as low consumer confidence and tight credit combined to scare customers away from showrooms.
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Facing tight credit markets and an economic slowdown, Ford, G.M., Chrysler and Toyota all reported selling far fewer vehicles than a year ago.
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U.S. Sen. Barbara Mikulski, D-Md., announced new legislation today intended to stimulate new-car sales. Her proposal would allow new-vehicle buyers to deduct the interest of their auto loans and any sales or excise fees on the sale from their income...
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Shopping up an appetite? Restaurants, which have been hit hard by the economic downturn, certainly hope so.
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WASHINGTON (AP) -- Walloped by the recession, automakers' U.S. sales are plummeting as hard-to-get credit, job losses and other stresses make many Americans wary of taking on big-ticket financial commitments....
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Dec 2 - The Big Three automakers submit detailed restructuring plans after Congress rejected their initial plea for a $25B federal bailout.
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US market sales are down to a 26-year low. GM sales fall 40 percent for November, 47 percent for Chrysler. Sales also collapsing for Japanese car makers. Toyota had a 34 percent drop, Nissan 42, and Honda was at a 31 percent decline.
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The anemic economy is producing a bevy of car sales.
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New car dealers in Ontario are calling for the governments of Canada and Ontario to give tax rebates for three or six months to help get more people into showrooms and stimulate vehicle sales.
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DETROIT (Reuters) - General Motors Corp and Chrysler may have won a $17.4 billion gift from the U.S. government a week before Christmas, but at their showrooms, barely a creature was stirring.
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L &Energy Service is one of four companies statewide that have contracts with Nyserda to provide energy advice to operations with less than $75,000 in annual electric costs.
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In the week after Christmas, all of the retail stores are looking to cash in before the New Year with various huge deals and discounts. It's not out of the ordinary to see signs for 80 percent off or special deals like five items for $5. Well, the Fantasy Lab has its own special this week as we near 2009: Nine players under nine percent owned. The following article profiles nine players who are not owned in more than 90 percent of Yahoo! and/or Sportsline leagues who are likely to help your fantasy team at some point in '09, if not as soon as next week in certain situations.
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No longer teetering on the brink of bankruptcy, General Motors is tackling its next financial challenge: convincing people to buy cars again.
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After three sessions of gains that fueled hopes for a January rebound, Wall Street danced between positive and negative territory as car companies released December sales.
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The 22 percent drop ends a dismal 2008, when demand fell to a 34-year low.
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After three sessions of gains that fueled hopes for a January rebound, Wall Street fell as car companies released December sales and oil prices clawed back from five-year lows.
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Vehicle sales plunged 53 percent at Chrysler, while G.M., Ford and Toyota all reported declines of between 31 and 37 percent over December a year ago.
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Huge rebates and zero-percent loans couldn’t overcome economic uncertainty as U.S. auto sales plunged 36 percent in December, capping a dismal year.
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The collapse of the U.S. new-car market dragged on in December, raising questions of whether the auto industry will ever again have sales levels that it took for granted just a few years ago.
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After three sessions of gains that fueled hopes for a January rebound, Wall Street fell as car companies released December sales and oil prices clawed back from five-year lows.
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The 22 percent drop ends a dismal 2008, when demand fell to a 34-year low.
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The across-the-board decline in car sales is certain to put more pressure on the fragile finances of manufacturers.
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CHICAGO (Reuters) - Deep discounts that failed to coax consumers to shop in December are likely to lead to a number of profit warnings this week, when retailers report sales for the all-important holiday month.
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PORTLAND, Ore. (AP) -- Warehouse-club operator Costco Wholesale Corp. said Wednesday that its fourth-quarter profit rose 7 percent as consumers shopped for bargains in the tough economy....
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Pending home sales rose 7.4 percent from July to August, an unexpected piece of positive news for the battered U.S. housing market, The National Association of Realtors said Wednesday.
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Sales picked up in places that have seen the most severe declines in housing prices
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Some buyers take advantage of lower prices and better interest rates.
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NEW YORK (AP) _ Americans scaled back their spending even more in September, resulting in weak sales for many retailers, as already skittish consumers grappled with the financial meltdown that's spreading around the globe.
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Walgreen Co. formally withdrew its unsolicited $2.8 billion buyout proposal for rival chain Longs Drug Stores Corp. after the California company snubbed its overtures.
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Adding to speculation about how the worldwide economic downturn will affect next month’s big auctions in New York, two sales abroad drew disappointing numbers.
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Retail analysts and executives said they had not seen such a rapid slowdown in consumer spending since the nation’s last deep recession, in the early 1980s.
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