Auto companies strive to end car ‘totaling’

Have you ever heard of someone having their car "totaled"? While the word might conjure images of a massive car accident, replete with broken glass and the Jaws of Life, the reality is sometimes far removed. In fact, there are many accidents that produce structural damage such that the vehicle’s frame is bent, even though the exterior of the car might even look drivable

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Here Come the Fiats: Vrooom

The tiny Fiat 500 is one of the first cars Chrysler hopes to build in North America through its new alliance with Fiat. “It’s highly, highly likely that the Fiat 500 will be built in the NAFTA region,” said Chrysler vice chairman Tom LaSorda after the deal with Fiat was completed as part of the company’s structured bankruptcy.

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Cirque du Soleil’s Clowning Kooza

Just before the latest Cirque du Soleil traveling show begins in its striped tent on Randall’s Island, New York City, an announcer warns that the production contains flashing lights, “which may cause difficulty for people with photosynthesis epilepsy.” Very considerate, these French Canadians. But given that this audience has more than its share of hip, jaded Manhattanites, the management might also offer an advisory that Kooza features something far more hazardous to an urban sophisticate’s enjoyment: mimes and clowns. Who among us has not mocked a mime Those mordant, white-faced pierrots, especially of the Russian variety, are usually about as funny as Dostoevsky, as buoyant as Brezhnev

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Is the Future of Electric Cars in China?

Like drowning men grasping the only piece of buoyant driftwood in sight, top executives from the world’s beleaguered auto industry arrived in Shanghai this week for the city’s 2009 auto show, unveiling their newest brands in the only car market in the world that continues to grow. Some of the show’s stars are predictable, drawing crowds of reporters and photographers on Monday, media day: a stunning new Lexus convertible, the reborn Chevy Camaro from General Motors and the worldwide debut of Porsche’s new luxury sedan, the Panamera.

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Southeastern States Are Hit Hard By Recession

The South, long synonymous with hyper economic growth, is going through a harrowing recession. Currently, 8 of the 15 states with the highest unemployment rates are in the South: North and South Carolina, Georgia and Florida are all reporting the highest rate in their state’s history. South Carolina posted the nation’s third-highest unemployment rate for March — 11.4%, after Michigan and Oregon

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UBS to cut nearly 9,000 more jobs

Switzerland’s largest bank will shed nearly 9,000 more employees as it tries to recover from the global financial crisis, its CEO said Wednesday. The announcement by UBS Chief Executive Officer Oswald Grubel came at the company’s annual general meeting in Zurich.

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GM recalling 1.5 million cars over fire fears

The possibility of engine fires has prompted General Motors to recall nearly 1.5 million passenger sedans manufactured between 1997 and 2003, the National Highway Traffic Safety Administration announced Monday. The recall covers certain mid- and full-size passenger sedans under GM’s Chevrolet, Buick, Oldsmobile and Pontiac brands.

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Man behind Caylee dolls, Vick dog toys faces lawsuit

Consumers who bought "Caylee Sunshine" dolls and Michael Vick dog toys were misled into believing that a portion of their purchases would go to charity, according to a lawsuit filed this week. The Florida Attorney General’s Office filed a lawsuit Thursday against Showbiz Promotions and its owner, Jaime Salcedo, seeking $10,000 in penalties for each violation under the state’s Deceptive and Unfair Trade Practices Act.

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