Friday, October 2, 2009

Exhibit A: Sept. US auto sales fall due to clunkers letdown

Subject: txt mny auto -
GM, Ford and Chrysler reported September sales declines today, revealing a tough hangover from this summer’s Cash for Clunkers buying spree.

General Motors Co. reported the steepest drop, 45 percent, when compared with September of last year. Chrysler Group LLC was down 42 percent and Ford Motor Co. had a much smaller decline of 5.1 percent.

GM blamed the decline on the clunkers program...

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