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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jun 30, 2009
Page
12
Ford and VW top quality awards in a buyers survey covering 20,101 purchasers of 2008 and 2009 models. VW group led six of 17 market segments, edging Pontiac G8 in the large car division with 899 points. GMC Envoy and Yukon XL also performed strongly in SUV categories.
General Motors agrees to transfer future product liability claims to a new company as part of a government backed restructuring. A hearing on the asset sale was set after consumer groups and state officials pressed for liability coverage. The plan allows the new GM to absorb lawsuits arising from vehicles built before the sale.
Bargain seekers welcome deep discounts early in the season while merchants slash inventory to free cash. Analysts say discounts at mall retailers run about 10 percent higher than last June despite 20 percent lower stock, with consumer confidence lagging and a cautious economy.
Market in review notes a $210 sale figure and price actions across sectors. Analysts observe modest gains in equities while commodities hold steady as investors weigh upcoming economic data and policy signals.
Apple chief executive Steve Jobs, 54, has resumed working from his office a few days weekly after a five percent month medical leave and a liver transplant. Dowling said Jobs will work from home on non headquarters days while declining to specify return timing.
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