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U.S. markets recover from steep losses
DETROIT, Jan. 3 (UPI) -- General Motors has a big hit on its hands -- the new Chevrolet Malibu -- and is having problems meeting demand.
GM says it may be spring before it can build enough of the family sedan Americans seem to crave.
Meanwhile, thousands of dealers are without a made-over Malibu on their lots and GM wonders how long motorists will be willing to wait, the Detroit News said.
Exec Mark LaNeve said a big demand was expected but not to the extent the automaker has seen since the car hit showrooms Nov. 1.
GM sold about 7,000 Malibus in November, roughly the same number as last year. December sales are expected to be higher.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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ORLANDO, Fla., May 23 (UPI) --
The U.S. Air Force has added Lockheed Martin to its list of companies for support of its medical services worldwide.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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