DJIA up again....+37 and close to 9400. Shesh......it just keeps on getting better.
Spurred by the huge popularity of the "Cash for Clunkers" program, U.S. automakers are doing something unthinkable a few months ago -- increasing production -- as dealers are reporting shortages of some models. Chrysler, GM and Ford all acknowledge benefiting from the program. Chrysler LLC, is planning to boost light truck production in the second half of the year, according to Bloomberg News. This may represent the beginning of better times for Chrysler. "Chrysler plans to run two plants on overtime and is operating a third shift at another factory to restock dwindled inventory on dealer lots," said Bloomberg, who said its source would not be more specific. Nonetheless, that's a bit of good news for Chrysler. General Motors Co. also is benefiting from "cash for clunkers." GM executives recently told the Wall Street Journal that the number one -- at least for now -- North American automaker may announce production increases to meet rising demand. The Journal noted that as of July 31, GM had a 64-day supply of cars and trucks in its dealerships, down from 82 at the end of June. (Yehaw.....ride the big "V" wave baby.....on the climb up.)
Kelly Blue Book has announced the results of the second-quarter 2009 Brand Watch study by Kelley Blue Book Market Intelligence, which looks at consumers' perceptions of truck brands and factors of importance when new-truck shopping. The study found that in the past year, domestic truck consideration has increased or held steady, while import truck consideration has decreased. "Even with the troubles experienced by the automotive industry in the past year, trucks remain a center of power for the domestic manufacturers. With a recent round of impressive redesigns and creative marketing to support their new launches, the latest Brand Watch study from Kelley Blue Book Market Intelligence shows that consumers still appreciate trucks from American companies," said Rick Wainschel, senior vice president, market intelligence and brand strategy for Kelley Blue Book and kbb.com. "While import manufacturers tend to dominate perception - and frequently sales - in the small-car genre, the foundation underneath the domestic manufacturers does not show signs of cracking." In contrast to the strength demonstrated by Ford, GM brands and Dodge, Toyota truck consideration fell from 34 percent to 31 percent, Nissan truck consideration fell from 17 percent to 13 percent, and Honda truck consideration fell from seven percent to four percent in second quarter 2009 compared to the previous year. Toyota was the third-most-considered brand in second-quarter 2008, and now is the fifth-most considered brand in second-quarter 2009. (Oh yea baby........more American proof that American car companies build the quality, the right product and people want them. WHERE IS THE MEDIA ? ? ? WHY DOES THIS NOT HIT MAIN STREAM MEDIA AND WHY IS IT NOT FRONT PAGE NEWS. Suffice it to say, GM Chrysler and Ford are rising, even though the Media and our infamous politicians don't think so. I hope the American populace is getting it more and more that to strengthen American we need to support the GREAT products they build. Perceptions hopefully are changing back to reality. GO AMERICA!)
The article continues......"When looking at how individual truck brands fared on important decision factors, Ford takes the most No. 1 spots, including ruggedness/toughness, towing/hauling capacity, exterior styling, interior design/layout, versatility/flexibility, safety and cool factor/vehicle image. Chevrolet ranks first on fuel efficiency, driving comfort, economical factors and seating capacity. GMC ranks first in durability/reliability, driving performance, family friendliness and available options." (By the way did anyone read anything about a foreign truck in the above paragraph. I guess they just don't build what Americans want eh? I wish the media would say something.)
WASHINGTON -Consumer prices were flat in July as energy costs retreated following a big surge in June. Over the past 12 months, prices dropped the most in nearly six decades as the recession and lower energy costs kept a lid on inflation. The Commerce Department says consumer prices showed no changed in July, in line with analysts' expectations and far below the 0.7 percent jump in June. Prices fell 2.1 percent over the past 12 months, the biggest annual decline since a similar drop in the period ending in January 1950. Most of the past year's decline reflects energy prices falling 28.1 percent since peaking in July 2008. (I guess this is good news, keeps inflation in check and purchasing power in place and helps with the personal family budgets.)
At the end of a two-day policy meeting, the Federal Reserve declared that U.S. economic activity is "leveling out" and that financial markets "have improved further." The central bank also said it would slow the pace of an emergency rescue program and kept a key lending rate at a record low. (Sounds of Good times coming to us all.)
General Motors CEO Fritz Henderson announced Tuesday morning that the upcoming Chevrolet Volt will achieve the equivalent of 230 miles per gallon in city driving, based on new Environmental Protection Agency (EPA) mileage ratings. (Yeah, another big winner coming from an Amercian car company)
Due to slumping worldwide auto sales, Toyota has officially abandoned its quest to grab a 15 percent share of the global market by 2010. Toyota’s global sales have slipped 26 percent this year, with General Motors threatening to regain the title of world’s largest automaker. (Hey, where is the media and the congress mentioning this??? Do you smell media bias again.....and of course our congress never gets it. YEAH GO AMERICA !!)
That's enough good news to start the day.
Things are bright and getting brighter by the moment.
Share the good stuff and enjoy Freedom.
Quote for the day:
"When a company compromises its principles one time. The next compromise is right around the corner." -Zig Ziglar
Have a great day,
sy
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