DETROIT (Reuters) - U.S. auto sales plunged 32 percent in October to lows unseen in a quarter-century led by a 45 percent drop at General Motors Corp in a collapse that hit every major automaker and offered little sign that the industry has hit ...
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Washington (CBS) -- When Pamela Sande bought her new Ford Taurus, she was thrilled. But like most consumers, she had no reason to care how her bank got the money to give her that loan. Now, however, it is time to care. For years, up to 40 percent of ...
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DETROIT, Nov 12 (Reuters) - General Motors Corp (GM.N: Quote , Profile , Research , Stock Buzz ) on Wednesday asked all its U.S. dealers to urge the Congress to approve an additional loan package to help the automaker deal with its liquidity crisis ...
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There should be no question left that the federal government must step in to provide the domestic automakers with the cash they need to survive this economic downturn. Last week's dismal third quarter reports make it clear that General Motors Corp ...
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For weeks we have heard nothing but the imminent demise of our automotive industry. I believe there is a relatively easy solution to this problem. The auto industry is based on the ability to retail vehicles. If you cannot sell cars, companies cannot ...
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Financial markets are as much about confidence and certainty as they are about dollars and cents. That’s why the apparent lack of coherent direction in the financial bailout approved by Congress last month is dangerous. Last week, Treasury ...
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WASHINGTON - Faced with exasperated lawmakers upset by shifts in the government's financial-bailout strategy, Treasury Secretary Henry M. Paulson Jr. launched a spirited defense yesterday of his handling of the $700 billion program. Testifying before ...
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