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Thursday, September 03, 2009

car sales down

Factory operator photo

Cash for clunkers is over. General Motors car sales are down 20% from last year which was not that great because the recession started in 2007, troubled Chrysler saw automobile sales do a 15% dip. Both of these companies declared bankruptcy this year, but they are not doing well now. In fact, the next step for both automotive manufacturers could be liquidation. Sadly many factories remain idle and few laborers have been called back to work.

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