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Friday, September 10, 2010

Report: Car accidents cost America nearly $100B a year

Report: Car accidents cost America nearly $100B a yearVehicle accidents cost the U.S. about $99 billion a year, according to federal statistics. That is the equivalent of $500 per driver. Male drivers are responsible for about three-quarters of that expense and represent about 70% of the 40,000 or so Americans killed annually in such accidents. The New York Times

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U.S. auto sales plunge 21%

U.S. auto sales plunge 21%, triggering talk of more stimulus
Plunging sales led auto industry executives to start talking about a need for additional stimulus, but most doubt a measure to help automakers would get through Congress before the November midterm election. Auto sales across the U.S. fell 21% in August compared with the same month last year. Analysts said the drop reflects the sluggish pace of economic recovery and the expiration of the "Cash for Clunkers" rebate. Detroit Free Press

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