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GM announces $2.5 billion Q3 loss, may run out of cash by mid-2009

Trading of General Motors stocks halted at 11:04am EST this morning in anticipation of a major announcement concerning the company's financial situation. The substance of that announcement revealed that high fuel prices, slumping sales and a tough finance market have led to a net loss of $2.5... read more

November 7, 2008 by
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Cerberus won't split Chrysler up, wants single buyer

Talk of General Motors purchasing or merging with Chrysler, sale to a third party or other speculation has been refined somewhat by Cerberus' statement today that it is... read more October 23, 2008 by

2009 vw jetta tdi 006

Volkswagen gearing up for new U.S. sales push

The downturn in vehicle sales around the world is affecting nearly every carmaker in some way or another, but not equally in each market. Volkswagen, for example, has been on... read more October 7, 2008 by

U.S. auto sales follow credit market to new lows

U.S. auto industry sales follow credit availability to new lows

There were no winners in September's sales totals, with every major manufacturer in the market down against the same month last year. The tale is as much one of the U.S... read more October 1, 2008 by


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