Tuesday, August 18, 2009

Maybe I'm wrong about 'cash for clunkers' not increasing production. In the case of GM it's a bit suspect as they are gov't. owned and figure on getting help again if need be. Too bad none of the GM products are in the top 5 of newly purchased vehicles. Ford, Toyota, and Honda are a different story though. - MBC

http://www.comcast.net/articles/news-general/20090818/US.GM.Production.Increase/

"...Higher sales from the government's Cash for Clunkers program have prompted General Motors Co. to boost production at several of its factories, according to company and union officials.

The increases include an extra day of work at the Lordstown, Ohio, assembly plant and increased hours at a factory in Orion Township, Mich., said the union officials..."

"...Toyota Corolla small car was the top new vehicle purchased by people trading in clunkers, followed by the Honda Civic and Ford Focus compacts. Toyota's midsize Camry was fourth, while its gas-electric hybrid Prius was fifth, according to the government.

Ford Motor Co., Honda Motor Co., Toyota Motor Corp., Hyundai Motor Co. and Chrysler Group LLC all have announced production increases due to the clunkers program..."

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