Great News today !!! To stimulate more smiles!!!
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NEW YORK (Sept. 1) - Automakers are set to report August sales later today, with many of them poised to post strong sales with the assistance of the Cash for Clunkers program. Toyota led the industry with 19.4 percent of new sales, followed by GM with 17.6 percent and Ford with 14.4 percent. Mark Fields, Ford president of the Americas, said Friday that with a weekend of sales still left to go, the Dearborn, Mich.-based automaker's retail sales had already eclipsed their August 2008 total. Meanwhile, Detroit-based rival GM sold more vehicles than Ford through the program. (1st...it is sad to see our tax dollars in America headed over to Japan from the Cash for clunkers program. 2ndly...GM took the number 2 spot in total sales in the cash for clunkers but that has a lot to do with lack of inventories due to the plant shut downs and 3. it proves that GM still builds cars and trucks people want to buy because they did and even beat Ford when Ford did not shut down plants. Amazing.....Yeah for GM......strength even in a tough market.)
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Young Chevrolet had the biggest August in 6 years !!!First Choice had its biggest month in New sales and Used in several Years.Young Pontiac had a Great sales month and was one of the top GM sellers in the state.Bonanza exceeded its Chrysler sales objective by 200+%Avis and Thrifty turned good numbers in the Used sales arena as well.A great month of momentum for the Young Group. Good job.
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NEW YORK (Sept. 1) - Bank of America Corp. is looking to pay back some of the billions in federal bailout aid it has received in an effort to get out from underneath the government's thumb, according to a published report. Several banks, including JP Morgan , Goldman Sachs and Morgan Stanley , have already repaid aid they received under the Troubled Asset Relief Program, or TARP. (More great news from the banking community.....strengthening up.)
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The $700 billion Troubled Asset Relief Program (TARP), which former Treasury Secretary Hank Paulson set up in October 2008 to buy financial toxic waste, has made the U.S. a $4 billion profit on $240 billion that it invested in hundreds of banks. Never mind that TARP has not purchased any toxic waste. The TARP's yield so far is about 15 percent annualized -- roughly triple the five percent expected last October. (Wow sounds like good news to me........US government making money on an investment).
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This weekend, CBS News reported, "A former attorney for Toyota has accused the automaker of illegally withholding evidence in hundreds of rollover death and injury cases, in a 'ruthless conspiracy' to keep evidence 'of its vehicles' structural shortcomings from becoming known.'"According to Autoblog, "one of the company's former lawyers, Dimitrios P. Biller, has filed a federal racketeering suit against the Japanese automaker. Biller worked for Toyota from 2003 through 2007 defending the company against rollover lawsuits blaming injuries and deaths on the alleged instability and weak roof structures of the company's SUVs and pickups." The suit claims that Biller "was forced to resign in 2007 after lodging several complaints to his supervisors about the company's alleged legal misconduct. The lawsuit claims that conflicts resulting from Biller's complaints ultimately led to his mental breakdown, along with a $3.7 million severance payout from Toyota." (MY my my......what is starting to surface about Toyota. Do you smell something that stinks? Why is this not headline news? Why has no one heard of this? Why doesn't the media blare this out???? I think media bias is still at work. If this had been GM it would be on the front page and the Government would be doing a Senate hearing on it and blaming America......Where is Pelosi and Franks when the lying is coming from the Foreign automakers.....None the less.........lets get back to buying American Quality !!!!) The lawsuits, negative profits and plant closings come in the wake of several Toyota recalls and consumer complaints.
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Quote for today:
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"In good times we develop bad habits because we can. In bad times we develop good habits because we have to.""Market driven business's hope and wait for it to happen. Management Driven business's make it happen."
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Make big things happen today and this month,
Smile........things are bright.
sy
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