Auto dealers see March sales up 4 percent nationally
A March gain of 4 percent in cars and light trucks contrasts with a 25.5 percent year over year drop. Gary Adams of the dealers association notes recession signs while GM and Chrysler receive federal aid, Ford reports sharp declines in Cleveland area, and Mike Bass Ford in Sheffield remains top Ohio dealer with 163 new Fords sold in March.
MENTIONED IN THIS ARTICLE
Gary Adams
Dealers’ Association
General Motors
Chrysler
Ford Motor Co
Ohio Assembly
Avon Lake
United Auto Workers
Cleveland
Ford
Low inflation likely to persist amid weak economy
Despite massive government spending, inflation remains subdued as a recession keeps prices and wages in check. March consumer prices fell 0.1 percent for the month and are down 0.4 percent over 12 months, the first yearly decline since 1955, while factory output slid for the fifth straight month.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Wall Street
Labor Department
United States
Consumer Prices Steady Amid Measures to Spur Growth
The Bureau of Labor Statistics reports consumer prices rose 0.2 percent, matching three-month trends, while core inflation sits at 1.8 percent over the year. Wages and spending dip as businesses hold prices down, with economists warning that Fed rate cuts could fuel sharp inflation on recovery.
MENTIONED IN THIS ARTICLE
Sal Guatieri
BMO Capital Markets
John Ryding
Econo
Federal Reserve
Investor group weighing purchase of GM Saturn brand
An Oklahoma City private equity firm and a group of Saturn dealers near Detroit propose buying Saturn from General Motors. GM says it has received multiple bids and is considering options as part of its restructuring to secure government support. Black Oak Partners and dealer Carl Galeana argue Saturn still has value despite GM’s willingness to divest.
MENTIONED IN THIS ARTICLE
Detroit
Oklahoma City
Saturn
General Motors Corp
Black Oak Partners LLC
Mike Morrissey
Morrissey
Jennifer Threet
Black Oak Group
Carl FE. Galeana
Fiat warns on Chrysler deal amid union cost cuts
Fiat Group CEO Sergio Marchionne says Fiat will walk away from a 20 percent Chrysler stake unless unions and creditors approve major cost reductions. April 30 deadline looms as CAW negotiates and U.S. aid risks ending if talks fail. Marchionne spoke with the Toronto Globe and Mail while UBS meetings in Zurich proceeded.
MENTIONED IN THIS ARTICLE
Milan
Fiat Group Spa
Chrysler LLC
U.S
Fiat
Sergio Marchionne
Chrysler
Canadian
Auto Workers Union
CAW
Ken Lewenza
Associated Press
Marchionne
Toronto Globe and Mail
UBS
Zurich
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Brad Dicken
Bdicken
Chronicet.com
Christopher S. Rugaber
The
RDQ Economics
Columbus
Bureau of Labor Statistics
WAMJ
Investor
the Market IN Review
Daiy Dow Jones
Dow Jones
Beaaah
Dow Industrials
Dow Transportation
Dow Allies
Che Noha
Harington
FeSiPro
Avanex
Pamieos Noees
Thetis
RuamesFrn
ElderGid G
PwShs
Microsoft
Defline
Bacasc
Taseko
Wells Fargo
Nvidia
leaCop
Lowes Limied
McOnits NY
Mecront Ny
Microsoft Nash
NiSource MorgStan
Nordson
Nasd
Prushsap NY
Fannie Mae H NY
Prousmire
Prousmfn
Spdr Home
Sherwin
Smucker NY
Spdr Frei NY
Usbanco NY
NYMX
BaiAm
BondAm
Eurpacgramfb
FnvnvAm
Grthama m LG
Incamera m MA
Invcoama m LV
Newpersoa m WS
Wamutinva m LV
Dodge & Cox intiStk
A & Cox Stock lv
Fidelity Divinnt
Pimco TotRetAm
Pimco TotRetAdm
PIMCO
Seary
Winn Ot Meno
Reece Sons Stocer Ny Ls Dee Nat
Ata
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