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Friday, September 10, 2010

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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