Thursday, September 4, 2008
Auto sales top expectations
Despite a selling pace sharply lower than last year, car executives see a few bright spots.
Christine Tierney and Robert Snell / The Detroit News
U.S. auto sales fell sharply last month, but several industry executives sounded cautiously optimistic that the worst may be over after falling gas prices and flashy [...]

AUGUST U.S. SALES

 
 
Toyota, Honda and Detroit 3 post declines; Nissan rises

Richard Truett
and Mark Rechtin
Automotive News | September 3, 2008 - 12:46 pm EST
DETROIT — August was another tough month in the United States for Toyota Motor Corp. and the Detroit 3, while Nissan Motor Co. posted a solid gain.
Altogether, the industry sold 1.25 [...]

 
GMAC to cut 5,000 jobs at ResCap mortgage unit
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Automotive News | September 3, 2008 - 1:15 pm EST
 
 
NEW YORK (Reuters) — GMAC LLC said today it plans to cut 5,000 jobs at its Residential Capital LLC mortgage unit, or 60 percent of that work force, and shut its 200 GMAC Mortgage retail offices to combat [...]

 
GM sees Hummer sale by early ‘09, tough times ahead
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Automotive News | September 3, 2008 - 7:00 am EST

ENLARGE

Hummer H3T

 
NEW DELHI (Reuters) — General Motors expects to sell its Hummer brand [...]