Hazardous Conditions for the Auto Industry
October 2, 2008By Andrew Bielak
Shortly after being guaranteed a $25 billion loan from the government to make energy efficient vehicles, U.S. automakers announce some dismal news for the industry — sales have dropped 26.6 percent from a year ago, and September marked the first time since 1993 that fewer than one million new cars and trucks were sold in one month.
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