| Auto sales plunge hits Kentucky, too |
Jan 6th, 2009 |
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Automakers reported their sales figures for December on Monday and 2008 became the worst year for the industry since 1992. Dealers in Central Kentucky said they felt optimistic for the future but rela...
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| Recovery rests on stimulus |
Jan 6th, 2009 |
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After barely making it through the worst year for auto sales since 1992, Detroit's Big Three expect consumer demand to remain very weak in the first half of 2009 but begin to recover in the second hal...
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| Treasury to give GM second loan of $5.4 billion Jan. 16 |
Jan 6th, 2009 |
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WASHINGTON -- The U.S. Treasury said Monday it will grant General Motors Corp. a second loan totaling $5.4 billion on Jan. 16 as part of the $13.4-billion rescue of the ailing automaker.
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| U.S. Auto Sales Remain in the Shop |
Jan 6th, 2009 |
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U.S. auto sales continued to plummet in December, as a faltering economy kept would-be consumers out of the nation’s showrooms. General Motors last month posted a 31 percent drop in sales, ...
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| GM, Ford gain in reliability |
Jan 6th, 2009 |
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A new analysis by Consumer Reports magazine shows that two of Detroit's automakers -- Ford Motor Co. and General Motors Corp. -- are making "real progress" against foreign rivals while Chrysler LLC co...
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| Is rebirth next after |
Jan 6th, 2009 |
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Is rebirth next after 'Dark Dec.'? "Dark December for Detroit," intoned the headline on MarketWatch. Really? Wouldn't have known but for Round II of the congressional inquisition, dealers struggling ...
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| Obama to ride in style in GM limo |
Jan 6th, 2009 |
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WASHINGTON -- President-elect Barack Obama is getting a new ride to go with his new address on Jan. 20. General Motors Corp. recently delivered to the U.S. Secret Service a brand new presidential limo...
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| Steel yourselves for car price increases, warns Nissan chief |
Jan 6th, 2009 |
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June 26, 2008 By Daniel Rook Yokohama, Japan Soaring steel costs would force consumers worldwide to pay higher prices for vehicles in the coming years, Carlos Ghosn, the chief executive of Nissan Moto...
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| Car-nage! December Auto Sales Crash & Burn |
Jan 6th, 2009 |
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Last updated: 1:44 amJanuary 6, 2009 Posted: 1:36 amJanuary 6, 2009 The worst-stalled car sales in 15 years are punishing automakers across the globe, spreading billions in new red ink to Detroit, Jap...
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| Fitch may cut Toyota rating on industry slump |
Jan 6th, 2009 |
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November 18, 2008 Toyota Motor Corporation, the car maker with the best credit, may have its AAA rating cut by Fitch Ratings - the first such downgrade in 10 years - as the auto industry faces "unprec...
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