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Main page | November 29, 2007 » November 28, 2007
Chrysler could cut beyond buyoutsChrysler officials have not ruled out the possibility of layoffs at the Auburn Hills automaker if they fail to get enough salaried workers to leave with voluntary buyouts over the next month, according to the Detroit Free Press.
Posted by Peter C. T. Elsworth Resale values for Detroit makers' vehicles go upLOS ANGELES — After big cuts in how many vehicles they're building, the three Detroit automakers are starting to see increases in estimates of how much their new models will be worth as used cars, according to USA Today. Those increases are important to buyers. Buyers are willing to pay more for a new car if they believe it will have retained more of its value when it comes time to trade it in or resell it in three or five years. Strong resale values also help lower the cost of auto leases. If an automaker knows a car will be worth more when it's traded in after the lease expires, it can offer a lower monthly rate.
Posted by Peter C. T. Elsworth Oil Prices Rise Amid Mixed Output SignsVIENNA, Austria -- Crude oil futures rose Wednesday as traders bought back into the market on the heels of a steep drop prompted by concerns about the U.S. economy, according to the Associated Press. Mixed signals from OPEC, meanwhile, kept the market guessing about whether the cartel would increase production. The president of the Organization of Petroleum Exporting Countries said the group stands ready to put more oil into the market, although it had no plans to do so yet. But several OPEC oil ministers questioned the need for such a move. Light, sweet crude for January delivery on the New York Mercantile Exchange rose 33 cents to $94.75 a barrel in electronic trading by afternoon in Europe. The contract fell more than $3 a barrel on Tuesday.
Posted by Peter C. T. Elsworth |
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