Friday June 03, 2005

Die SUVs Die!!

This article belongs to the GM, Ford and Chrysler bankruptcy watch story arc.

sfgate.com, peakoil.com -> greencarcongress.com :

US Sales of Full-Size SUVs in May Drop 25%

Combined sales of full-size SUVs in the US dropped 25% in May, compared to the same period last year ... according to company reports, combined sales of full-size SUVs (models longer than 193 inches) dropped to 135,137 units during May 2005, down from 180,808 the year before.

... again, Ford and GM are suffering especially. That financial pain comes despite some solid successes for both automakers, such as the Ford Mustang, which rose 47% on the month to a robust 19,721—now outselling the Chrysler 300 ... that doesn't offset the huge void left by the cratering of the full-size SUV sales—hence the credit downgrades that have been in the news.

See also :

1. GM, Ford debt cut to junk status

(2005-06-03 22:19:10 SGT) [Biz] Permalink

Housing market collapsing ...

... literally.

lol.

(2005-06-03 22:13:56 SGT) [Musings] Permalink

Snow in Somalia

peakoil.com -> somalinet.com, mathaba.net

The first snowfall on this part of the world has claimed one life and caused extensive damage to properties. Puntland, northeastern part of Somalia has never recorded snowfall before last night when snow storms with high winds destroyed homes in Rako town.

The storm left a blanket of snow on the ground, something residents had never seen in their lives before. Aside from this unexplained snowfall on this tropical land, Somalia has experienced very strange weather in the past few months ....

- How's that for climate change? Not out on the MSM (mainstream media) though.

(2005-06-03 22:12:27 SGT) [Env] Permalink

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