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Automakers report May sales better than April |
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Written by DAN STRUMPF/AP Auto Writers
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Tuesday, 02 June 2009 |
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DETROIT (AP) — Chrysler LLC's U.S. sales fell 47 percent in May, but the company says being under bankruptcy protection did little to deter customers from purchasing its vehicles.
Chrysler said Tuesday it sold 79,010 cars and light trucks last month. The company said its sales were pulled lower because it didn't sell any cars to fleet buyers like rental car companies, but its retail sales to individual buyers were the best they've been all year.
With 789 dealers set to stop selling the company's cars next week, many of those purchases were fueled by deep discounts. Chrysler had the highest average incentive among automakers last month — $4,159 per vehicle, according to Edmunds.com.
General Motors Corp.'s sales fell 30 percent from a year ago, but they improved 11 percent from April as consumers pushed the automaker to its best sales month this year.
Ford Motor Co. posted even better results as it continued to snatch market share from its crosstown rivals. Ford said its May U.S. sales fell 24 percent from last year but rose 20 percent from April, and its share of the U.S. market rose to the highest level since 2006.
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Man charged with murder in doctor killing |
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Written by By Associated Press
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Tuesday, 02 June 2009 |
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WICHITA, Kansas (AP) — Scott Roeder has been charged with first-degree murder in the shooting death of late-term abortion provider Dr. George Tiller in church.
The 51-year-old Roeder was charged Tuesday and appeared in a Wichita, Kansas, court via video from jail.
Roeder is accused of killing Tiller on Sunday as the doctor served as an usher at his Lutheran church in Wichita. Roeder also is charged with aggravated assault for allegedly threatening two people who tried to stop him.
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Obama picks N.Y. Republican for Army secretary |
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Written by JULIE PACE/Associated Press Writer
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Tuesday, 02 June 2009 |
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WASHINGTON (AP) — President Barack Obama picked a Republican congressmen to be the next secretary of the Army Tuesday, bringing another member of the opposition into his administration's fold.
Obama said New York Rep. John McHugh is "committed to keeping America's Army the best trained the best equipped, the best land force the world has ever seen."
McHugh will make sure the country's troops can handle the new kinds of combat in the 21st century, including nonconventional warfare, the president said.
McHugh has represented upstate New York in Congress since 1993, and is the top Republican member of the House Armed Services Committee.
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Pending home sales rise 6.7 percent in April |
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Written by ALAN ZIBEL/AP Real Estate Writer
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Tuesday, 02 June 2009 |
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WASHINGTON (AP) — The number of U.S. homebuyers who agreed to buy a previously occupied home took the largest monthly jump in nearly eight years in April, but there are still plenty of danger signs for the U.S. housing market.
Home sales appear likely to head upward this summer, potentially to levels not seen since the stock market collapsed last autumn, but prices are expected to keep falling well into next year. Layoffs, which are causing foreclosures to soar, coupled with rising mortgage rates could dampen any real estate recovery.
The National Association of Realtors said Tuesday its seasonally adjusted index of sales contracts signed in April surged 6.7 percent to 90.3, far exceeding analysts' forecasts. It was the biggest monthly jump since October 2001, when pending sales rose 9.2 percent.
The big boost likely reflects the impact of a new $8,000 tax credit for first-time homebuyers that was included in the economic stimulus bill signed by Obama in February. Since buyers need to complete their purchases by Nov. 30 to claim the credit, "we expect greater activity in the months ahead," Lawrence Yun, the Realtors' chief economist, said in a statement.
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GM said set to sell Hummer to Chinese company |
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Written by BREE FOWLER/AP Auto Writer
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Tuesday, 02 June 2009 |
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DETROIT (AP) — General Motors Corp. took a key step toward its downsizing on Tuesday, striking a tentative deal to sell its Hummer brand to a Chinese manufacturer, while also revealing that it has potential buyers for its Saturn and Saab brands.
GM has an agreement to sell its Hummer brand to Sichuan Tengzhong Heavy Industrial Machinery Co. of China, said a person briefed on the deal.
The Detroit automaker announced Tuesday morning that it had a memorandum of understanding to sell the brand of rugged SUVs, but it didn't identify the buyer. A formal announcement of the buyer was to be made Tuesday afternoon, said the person briefed on the deal. The person spoke on condition of anonymity because the details have not been made public.
Sichuan Tengzhong deals in road construction, plastics, resins and other industrial products, but Hummer would be its first step into the automotive business.
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