Tuesday, June 24, 2008
Toyota may miss U.S. sales target
Tomoko A. Hosaka / Associated Press
TOKYO — Toyota may scale back its ambitious target of selling more vehicles in the United States this year than it did in 2007, as damage from an economic slowdown and soaring oil prices becomes more fully known.
Surpassing the 2.62 million vehicles [...]

 
Stock market whacks U.S. auto shares again
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Andrew Grossman
Automotive News | June 23, 2008 - 4:47 pm EST
 
 
The stock market punished the automotive sector today after warnings of credit ratings downgrades for the Detroit 3 and lower analyst estimates for June vehicle sales.
General Motors stock hit its lowest price since 1975 today before rebounding slightly. [...]

 
GM raises 2009 prices 3.5%, launches 0% sale
More production cuts anounced
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Jamie LaReau
Automotive News | June 23, 2008 - 1:45 pm EST
 
 
DETROIT — General Motors said today that it would launch a 0 percent financing program starting Tuesday, June 24, while raising prices on 2009 models by an average of 3.5 percent.
GM executives also said [...]