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Archive for Friday, March 19, 2010

Automaker prepares for economy’s resurgence

March 19, 2010

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— For the super-rich and everyone else, the economic recovery is taking place in two very different gears.

A British company is betting there’s a market in North America for a $200,000 sports car built with Formula One race technology, announcing Thursday that it will unveil the very expensive new toy late next year.

“Following any recession, there’s a resurgence,” said Ron Dennis, chairman of McLaren Automotive. “We intend to catch that wave.”

For most people, though, the economy’s still a clunker. A new Labor Department report said more than 11 million Americans are now getting unemployment benefits.

The number of first-time claims for unemployment fell last week for the third time in a row, a sign the job market is slowly healing. But claims remain above levels that would signal the economy is actually generating new jobs.

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