The Joys Of Buying A Car
A rather amusing email has been doing the rounds recently, and we just couldn’t let it pass us by without posting it for you to read.
“Recently, my wife and I decided that it was time to buy a new car. My own car had grown so dilapidated that I was depreciating our property value every time I pulled into the garage.
Concours Sendup
Next week the World’s most famous Concours D’Elegance gets underway at Pebble Beach, California.
Cars worth millions of dollars each are displayed in all their finery – owners, too!
Cash For Clunkers Runs Out Of Cash
The one billion dollars allocated to President Obama’s ‘Cash for Clunkers’ scheme has already been exhausted just a few weeks after its introduction.
Officially called the Car Allowance Rabate System, or CARS, the Obama initiative is designed to help both the US economy and the environment by offering generous trade-ins for old gas guzzlers in exchange for new fuel efficient cars and trucks. Owners receive federal subsidies of up to US$4500 for their old vehicles.
Gloomy Outlook For Holden After Huge Losses
It just ain’t getting any better at cash-strapped Holden.
After losing an export order for Pontiac vehicles earlier in the year and putting their Elizabeth, SA workers on a one week on, one week off roster, a form of job sharing, Holden have announced an annual loss of some $70mil. for the ’08/’09 financial year, with a drop of $300mil. in total revenues.
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