What a difference a few days have made in the mainstream headlines.
Overblown concerns about Dubai defaults are quickly shifting to the into the shadows. On Tuesday clarity on the extent of the loan restructuring indicated that Dubai World likely would restructure debt worth $26 billion against earlier talk of a possible $59 billion default.
Moving to [...]

On Tuesday major auto manufacturers indicated that their October sales rebounded significantly following a weak September.
The increase to the US annualized sales rate was nearly 20 percent better than September’s measure. Early estimates show the bump adding $5 billion, or roughly 1.5% to October’s retail sales numbers versus September’s readings.
It now appears as though consumers [...]

Swaminathan S. Anklesaria Aiyar has an article in Economic Times on India’s remarkable emergence as an exporter of automobiles. Mahesh Vyas has an article in Business Standard on the recent rebound in automobile production and sales. And, here’s the link to the CMIE website on cars.
It’s interesting to look at (seasonally adjusted) US data for [...]

Last week General Motors (GM) announced their new program that further attempts to boost consumer confidence in their vehicles. The money-back guarantee states that you can return the vehicle for any reason, no questions asked, up to 60 days after purchase.
A quote from GM’s press release reads like this:
General Motors announced today that it will [...]

It looks like packed US car dealerships will continue. Late Wednesday the Senate majority leader Harry Reid announced that the US Senate now has enough votes to pass the House version of a bill to extend the popular automobile stimulus program.
Car manufacturers, their dealerships, and factory workers across the country are cheering. The firms have [...]