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In a move that’s as predictable as the sun rising in the east and setting in the west, automakers are beginning to offer more sales incentives to boost summer sales figures. Ford is no exception, and as of today, those willing to drive away in a new Blue Oval offering can benefit from zero-percent financing on all new 2007 models. Want to buy a pickup or SUV? Ford will cut you a check for $2,007 in addition to the no interest financing for 36 months. However, Ford and Mercury CUVs aren’t benefiting from the cash back offer.

[Source: Detroit News]

A tight credit market, slumping construction, an economy on bed rest, an end-of-model year, and high gas prices mean one thing for pickup trucks: lots of brand new trucks waiting for buyers. Dealers trying to shift their 2008 Dodge Rams before the 2009s arrive are taking as much as $13,000 off the bill to try and convince buyers to come forth. That means you can get a Dodge Ram 1500 Quad Cab SLT 4×2 for $19,995, instead of $32,795.

With consumers being more picky about what and when they buy, it also doesn’t help that dealers really don’t want trade-in trucks either, since they can’t do anything with them. What Dodge dealers hope for now is that Chrysler will manage the build-out of the 2009 models to give them a chance to get rid of the 2008s. Chrysler says it has a plan that will keep it competitive and keep the changeover orderly. For now, the Ram is the most heavily discounted vehicle out there.

For a dealer in Ohio, the matter of 120-day inventories really comes down to gas prices. “Until we get gas under three bucks a gallon,” he said, “these pickups are not going to move.” We’re sure that no one wants that to be true, because if it is, there will be brand new 2008 Rams on showroom lots for a long time.

The auto industry may be mired in tough times at the moment, but the sales downturn here in the States doesn’t seem to be bothering Ferrari and Maserati. Ferrari sales were up 4% year over year to 1,654 units, due in part to outstanding sales of its 612 Scaglietti and 599 GTB Fiorano. Brisk sales of the hot Italian supercars led to a 20% increase in revenue over last year’s record numbers, to 456 million euro. It never hurts when you have an 18-month backlog of buyers that are waiting patiently for their Italian Stallion, and new models are on the way to potentially boost sales further.

Maserati has also seen a resurgence in sales, with a 21% improvement in year over year sales to 2,234 units for the quarter. While Maserati made a profit of 10 million euro for the quarter, which sounds lousy until you consider the famed Italian automaker was in the red for 17 straight years until 2007. While the Italian automaker has a checkered past with regards to sales and earnings performance, the gorgeous GranTurismo and a steady backlog of customers translates into good times for quite a while at Maserati.

[Source: Automotive News - Sub. Req.]

Man, Fidel’s out and already the kids are getting crazy: the Cuban government is finally allowing general consumers to buy various electronics, including DVD players and computers, for the first time. Only companies and foreigners were previously able to buy computers, while the looming threat of terrible Hollywood movies had forced Cuban authorities to seize DVD players at the airport. The change is due to “the improved availability of electricity,” and Cubans can look forward to also picking up microwaves, 24-inch televisions, and rice cookers to plug into the new juice. Of course, it’s not all flip flops and high-fives: air conditioners will not be available until next year, and the deadly menace known as the toaster will be restricted until 2010. Hope you like plain bread with your communism movies

source:engadget.com