InfoAnda - US auto sales go from bad to worse as 2009 opens

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Australia soothes China on separatists | International | | 20 August 2009
Matt Damon fracking film in Berlin festival lineup | | 13 December 2012
India says Pakistan's spy agency linked to Mumbai raid planners | International | | 5 February 2009

Swiss bank secrecy emerges from 2009 with holes | 27 December 2009

">Forum Views () ">Forum Replies ()

Read more with google mobile : US auto sales go from bad to worse as 2009 opens

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: US auto sales go from bad to worse as 2009 opens AFP - Wednesday, February 4 WASHINGTON (AFP) - - The slide in US auto sales accelerated in January as tight credit and consumer pessimism drove sales to the lowest levels in decades, company reports showed Tuesday. ADVERTISEMENT Yet analysts said the slump was not as dramatic as the figures suggest, since many automakers shut down plants in January and virtually stopped deliveries to rental fleets. Preliminary estimates from market research firm Autodata showed a 37 percent drop in January sales from a year earlier to 656,976 vehicles. That represented a seasonally adjusted annual rate of 9.57 million, the lowest since June 1982. The level of sales was even weaker than the 10.3 million annualized pace of December. General Motors reported a 49 percent slump in monthly sales from a year ago, while Ford's sales fell 40 percent and Chrysler's 55 percent. Toyota reported a 34.4 percent decline. But the automakers and analysts said retail purchases, excluding bulk sales to rental fleets, were little changed from December, offering hope the market has hit bottom. "What we saw in January was stable retail sales rates compared to December," said Jesse Toprak, analyst at Edmunds.com. "If we can get another month of stable retail sales, we would be able to say November was the bottom, purely looking at retail selling rates." Still, Toprak said it will take time for consumer confidence to recover and that some carmakers may not survive if there is not a rebound soon. "The core of the problem is consumer confidence and this is a process that is going to take a number of months," he said. Toprak said he sees some pickup in sales in the coming months to an annual pace of 10 to 11 million vehicles, and possibly 12 million or more by the end of 2009. But the domestic automakers "can't survive if sales rates of 10 million or less linger for a long time," he said. GM and Chrysler, which have received emergency US government loans, must demonstrate their viability to avert bankruptcy. Ford has said it does not see a need for government loans at this time. Dave McCurdy, president of the Auto Alliance, which represents major manufacturers in the US market, sees a slow recovery for the sector. "Clearly we suffer the fate of the overall economy," he said at the Washington Auto Show. "I'm not sure if we have seen the bottom of the home mortgage crisis, and that affects our industry. But we're starting to see some pent-up demand in the auto sector." McCurdy added that a big factor is whether the new administration of President Barack Obama can restore consumer confidence. "If the administration is able to convince the public there is a pathway out, I think we can get some improvement in auto sales," he said. Chrysler LLC, the troubled number three US automaker said it sold 62,157 vehicles, less than half the number sold in January 2008 and a 31 percent month-over-month drop. Some of the drop resulted from an 81 percent drop in fleet sales as Chrysler moved away from the segment. Chrysler has argued that many customers want to buy new cars but cannot get loans. Some analysts said the slump in used car prices is making it difficult for consumers to trade in their cars without having to cough up cash in the face of "negative equity" on auto loans. GM said it delivered 129,227 new vehicles in the month, led by an 80 percent reduction in fleet sales. At the retail level, sales were off 38 percent, with retail market share steady compared with December. Ford said it delivered 93,506 new vehicles in the month, including domestic nameplates and its Volvo brand. The number two automaker however said that it sees some signs of stabilization in the market and that its share of the US market is edging higher. "During the last four months, retail demand appears to have stabilized, and the strength of our new products is a key reason we're growing our share in these challenging market conditions," said Ken Czubay, Ford vice president. A few carmakers reported increases in January including Japan's Subaru, South Korea's Hyundai and its Kia affiliate. Toprak said Hyundai struck a positive note with a program offering to buy back vehicles from consumers who lose their jobs in the economic crisis, and said others may follow suit. "It's a very smart program that deals with the core of the problem," he said. "If you give people a bit of security about the future it could go a long way." Email Story IM Story Printable View Blog This Recommend this article Average (1 vote) Sign in to recommend this article » Most Recommended Stories » Enlarge Photo A worker polishes a sign at a Chrysler display. The slide in US auto sales accelerated in January as tight credit and consumer pessimism drove sales to the lowest levels in decades, company reports showed Tuesday. Most Popular – Top Stories Viewed 'Sex Bomb' Tom Jones goes grey Nokia threat to quit Finland 'unless law changed' Cooing over US octuplets turns to anger Bombshell withdrawals rock Obama administration 'Horrifying' year for SAS ends with losses, layoffs View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Wednesday, 4 February 2009
Kyrgyzstan to close key U.S. military base | International |
U.S. concerned about bombing of Darfur town | International |
Michael Jackson And Rihanna Sued By African Singer Over Song Rights
Sean Combs Sued For Copyright Infringement Over His "Unforgiven" Scent Bottle
Canada urged to improve human rights record at U.N. | International |
"Everything Is Fine" And Looking Up For Josh Turner As His Current Single Lands On Charts
"Girls Gone Wild" Joe Francis Arrested After Showing Up Late At Court Hearing
EU media chief rules out Internet freedom law | Technology |
Hillary Clinton Likely Headed To Asia On First State Trip Abroad
U.S. Pending Home Sales Post Unexpected Jump In December
Tom Daschle Withdraws Cabinet Nomination Amid Tax Scandal
Denny's Gives Away Free Grand Slam Breakfast Tuesday
Texas Lt. Governor, Top State Legislator Ask State Agencies To Cut Spending By 2.5%
Texas Town Touting Good Songs, Cold Beer For Sale, Price Reduced To $883,000
Obama's Nominee For Chief Performance Officer Withdraws Name Due To Tax Problems
Two Texas Drivers Shot In Separate, Seemingly Random Incidents
Update: Appointed As Commerce Secretary, Gregg Calls For Bipartisanship
Steel Workers Appealing To Congress To Force EU-Based Steel Giant To Sell NY Plant Instead Of Leveling It To Stifle Competition
Miley Cyrus' slant-eye pose slammed by Asian group | Entertainment |
Voldemort's name no slight on France, Rowling says | Entertainment |
Hollywood studios, actors postpone contract talks | Entertainment |
Lions Gate gets U.S. antitrust OK to buy TV Guide | Entertainment |
Denny's Gives Away Free Grand Slam Breakfast Tuesday
Zimbabwe Lops Off 12 Zeros From Currency
Texas Town Touting Good Songs, Cold Beer For Sale, Price Reduced To $883,000
Two Texas Drivers Grazed By Bullets In Separate, Seemingly Random Incidents
Likely U.S. envoy to Iraq is a fan of direct diplomacy
Israeli planes hit Gaza after rocket fire
Clinton cautions Iran on nuclear work
An Error has occured |
Iran claims first launch of its own satellite
U.S. to emphasize security goals in Afghanistan | International |
Sri Lanka predicts total victory in 'days'
Some attacks by female suicide bombers in Iraq
Likely U.S. envoy to Iraq is a fan of direct diplomacy | International |
`Mother' of Iraqi women bomber network arrested
Britain, U.S. urge ceasefire in Sri Lanka | International |
Stress, not just genetics add years to face: study
U.S. air base in Kyrgyzstan says no sign of closure | International |
US auto sales go from bad to worse as 2009 opens
Israel strikes tunnels, Gaza militants fire rocket
Bombshell withdrawals rock Obama administration
Workers return to bleak future in China export hub | International |
Iraq Sunni group accuses tribes of poll incitement
Irish PM unveils two-billion-euro austerity package
West shifts policy on Zimbabwe | International |
Opponents scratch Livni's face from billboards
UK sets out blueprint for nuclear weapons-free world | International |
NY runners race to top of Empire State Building
'Horrifying' year for SAS ends with losses, layoffs
Abandoned School Bus In Texas Highway Yields 4.5 Tons Of Marijuana
Iran sends first home-built satellite into orbit
MySpace Purges 90,000 Sex Offenders
U.S. Air Base In Kyrgyzstan Faces Closure
Google quietly declares email war on Yahoo | Technology |
'Chase Bank Letters' Sender Arrested In New Mexico Airport
No new Zimbabwe aid without power-share: US
Plane Returns Safely To Denver Airport After Engine Hits Bird
MySpace: 90,000 sex offenders removed in two years | Technology |
'I screwed up,' says Obama after Daschle withdraws
U.S. Autos Sales Suffer Worst Month Since 1981
Electronic Arts sees loss as it delays games | Technology |
Wall Street Rallies On Jump In Home Sales
US military deaths in Iraq war at 4,237
Kentucky Governor Raises Storm Death Toll To 55
U.S. indicts former execs in LCD price-fixing scheme | Technology |
Oil hovers near $41 as traders mull mixed US data
Feb 3 Highlights Of Low Points In The U.S. Economy
Iran's small satellite raises alarms
Music helps fuel sales increase for video games | Technology |
Oil hovers above $40 with stimulus package pending
U.S. to emphasize security goals in Afghanistan
Canada regulators, RIM CEOs reach settlement deal | Technology |
US-TECH Summary
Russia offers allies aid as U.S. base ordered shut
Panasonic to launch slimmer, greener plasma TVs | Technology |
RIM reaches settlement on options backdating
Canada regulators, RIM CEOs reach settlement deal
Google quietly declares email war on Yahoo
U.S. indicts former execs in LCD price-fixing scheme
Merkel blasts pope over Holocaust bishop
EA fails to break losing streak
Merkel hits out at pope over Holocaust bishop
Distressed German chip maker says to shut US plant
Snow strands 2,000 Eurostar passengers overnight
MySpace: 90,000 sex offenders removed in two years
Japanese longevity gene found in Europeans
Vatican calls right-to-die decision 'murder'
Huge fourth-quarter loss for Motorola
Amazon offers game downloads
Britney Spears sued by former manager | Entertainment |
U.S. indicts former execs in LCD price-fixing scheme
MySpace Bans 90,000 Registered Sex Offenders Using Site
Kelly Clarkson says she could never be a lesbian | Entertainment |
Huge fourth-quarter loss for Motorola
Joe Francis ordered released from custody | Entertainment |
Coraline brings childhood nightmares to 3-D life | Entertainment |
Rapper T.I. turns prison journey into reality TV | Entertainment |
Nickelback leads noms for Juno Awards | Entertainment |
Sri Lanka predicts imminent victory over rebels
Tussle over state fuels Malaysia political drama
Music helps fuel sales increase for video games | Entertainment |
Thailand denies fresh migrant abuse claims
Timely Hollywood thriller sheds light on shady banks
3 river dolphins rescued in Nepal
Nickelback leads noms for Juno Awards
UN: 52 civilians killed, 80 hurt in Sri Lanka war
'Idol' axes 43 hopefuls in 1st round in Hollywood
Filipino brother of Black Eyed Peas singer killed
Judge denies first bid to block SAG, studio talks
UN: Cluster bombs hit hospital in Sri Lanka
Hollywood actors, producers delay new talks
Serial killer case tests South Korea's execution ban
UN says bombs hit hospital in Sri Lanka war zone
China mulls WTO move over India import ban: state media
Malaysian man killed for stealing jeans: report
Business group says China slump bottoming out
Timely Hollywood thriller sheds light on shady banks
Seoul shares up led by techs, Kumho Asiana issues
California court to hear gay marriage case March 5
China to invest $85 billion in power industry
Rock art find highlights ancient east-west Polynesia links
Pakistani c.bank sells 19.1 bln rupees of T-bills
Music helps fuel sales increase for video games
S.Korea pension fund to trim stock holdings
Nickelback leads noms for Juno Awards
Japan suspends imports of French foie gras, poultry
Review: `Coraline' is visually dazzling but dull
Pakistani c.bank to sell T-bills in 3-day repo
Texas Trooper Finds 4.5-Ton Pot Inside Abandoned School Bus
India polio survivor stars in Oscar-nominated film
Panasonic plasma display TV is slimmer, greener
United Jet Aborts Flight After Hitting Bird, Returns Safely To Denver Airport
Elton John to close Las Vegas show
Man Who Sent Mails With Chalk Powder Arrested In New Mexico
China eyes massive hike in atomic energy target: state media
Jonas Brothers visiting CW with concert film peek
'Idol' axes 43 hopefuls in 1st round in Hollywood
US extends financial crisis measures
"Harry Potter" Author J.K. Rowling Receives France's Highest Honor
US cmdr: Iran still supporting extremists in Iraq
World powers welcome Obama's talk offer to Iran | International |
Former Manager Sam Lutfi Sues Britney Spears And Her Parents
Metals, oil prices set for weak 2009
Joe Francis Placed Under House Arrest Following His Release From Custody
Peacekeepers plan no-fire zone in Darfur town
Iran insists satellite launch has no military aim
Afghanistan a UN priority: chief
Iraq investigating serious vote fraud allegations | International |
Afghanistan says foreign fighters coming from Iraq | International |
Vatican demands Holocaust denier publicly recant | International |
Abbas government announces $600 million Gaza aid project | International |
Zimbabwe parliament delays unity govt law | International |
Kyrgyzstan moves to shut key US base
Time running out for attack on Iran: Israeli expert | International |
Iran: no visas for US women's badminton team
Joint Chiefs say US should pare Afghanistan goals
China to hang up fading low-end wireless service
Senate Resumes Debate On $900 Billion Stimulus Wednesday As Recess Deadline Looms
U.S. air base in Kyrgyzstan says no sign of closure
Google launches software to track mobile users
Chicago Landmark Holy Name Cathedral Damaged In Early Morning Blaze
US says not informed over Kyrgyz base closure
Panasonic warns of $4.2 billion loss, to cut 15,000 jobs
Work Continues On Sifting Sand On NJ Beach Searching For WW II Munitions
Rural NY School District Cancels Class After Vandals Flatten School Bus Tires
Blagojevich Goes On Letterman To 'Appeal To The American People For Basic Fairness'
Google launches software to track mobile users | Technology |
Corning Inc. Making 3,500 Job Cuts Worldwide
Plane Returns Safely To Denver Airport After Engine Hits Bird
China to hang up fading low-end wireless service | Technology |
Ty Incorporated Renames Sasha, Malia Dolls
Google launches software to track mobile users
Energy Secretary Warns Agriculture May Vanish In California As A Result of Global Warming
Obama To Sign SCHIP Wednesday Giving 4 Million More Children Health Coverage
Rain-battered Australian state on snake alert
Pakistan: Trucks torched along US supply line
American, 75, charged with molesting Cambodian boy
Nepal journalist accused of links to militants
North Korea may test-fire missile toward Japan
Bob Costas says free to speak mind on MLB Network
UN: 52 civilians killed in a day in Sri Lanka war
Philippine policeman charged in journalist slaying
Ultraviolets, ultraviolence: double threat for Tanzania's albinos
Panasonic Corp Announces Plans To Cut 15,000 Jobs
Chinese President Hu pledges support for Sudan
Launch Of Space Shuttle Discovery Delayed As Precaution Over Valve
Carnie Wilson to host GSN's `The Newlywed Game'
US plan to arm militias scares some in Afghanistan
SKorea to spend 91 million dollars to bolster K-pop music
Gaza artist exhibits on war-scorched walls
Japan's Panasonic to cut 15,000 jobs, shut plants
Japan's Mitsubishi, Mazda and Subaru to sink into red
France's Areva signs nuclear reactor accord with India
Mitsubishi Motors, Mazda project annual losses
China's legislature to meet in early March
China shares up on new loans, manufacturing index
Taiwan dlr up for 3rd straight day on fund inflows
Kazakhs may be top uranium producer in 2009
SKorea praises extension of Fed currency swap deal
10 whales beached on Bali island
Panasonic to cut 15,000 jobs, close plants
Work Continues On Sifting Sand On NJ Beach Searching For WW II Munitions
Rural NY School District Cancels Class After Vandals Flatten School Bus Tires
Man Who Sent Threatening, Hoax Letters To Banks Arrested In New Mexico Airport
Ty Incorporated Renames Sasha, Malia Dolls
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01