Wednesday November 02, 2005

US Auto Sales Fall Sharply in October

peakoil.com -> abcnews.go.com :

U.S. auto sales fell sharply in October, dampened by hurricanes, fidgety consumers and high gas prices. General Motors, Ford and Nissan reported big declines, while Toyota's U.S. sales edged up slightly, Honda's sales rose and DaimlerChrysler's sales were flat. Sport utility vehicles took the biggest hit across all makers. Sales of the Ford Explorer, Lincoln Navigator, GMC Yukon, Hummer H2 and Toyota Land Cruiser were all down 50 percent or more.

- Meanwhile, in the same part of the world, American Honda reports a fifth straight month of record sales. It's looking like 1974 all over again, when Honda introduced its fuel-efficient Honda Civic amidst the first oil crisis.

See also :

1. GM posts massive quarterly loss
2. Ford, GM SUV sales nosedive
3. 2006 Honda Civic info
4. Toyota to go all-hybrid

(2005-11-02 23:33:10 SGT) [Biz] Permalink

Deutsche Telekom to chop 32000 jobs

marketwatch.com :

Deutsche Telekom AG, Europe's largest phone company, said it'll cut 32,000 jobs over the next three years in a belt-tightening move aimed at offsetting a slide in fixed-line revenue.

Deutsche Telekom said the restructuring, which will cost $3.95 billion over three years, was due to "massive changes in the industry." The tough competitive environment in Germany's fixed-network and broadband sector, where all the job cuts will take place, was especially to blame, the carrier said.

(2005-11-02 22:59:27 SGT) [Biz] Permalink

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