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Cars and Car Design


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Dow loses 679.95 as economy, Bernanke revive fear

NEW YORK, Dec. 1, 2008 (Reuters) — Stocks tumbled on Monday as signs of a deepening economic slump around the world erased much of last week's sharp gains, with banks and retailers among Wall Street's biggest casualties. ...  > full story

Car sales slide shows auto crisis worsening

MILAN, Dec. 1, 2008 (Reuters) — Car makers reported tumbling sales across Asia and Europe on Monday as the recession drove buyers from showrooms and drew a warning of more gloom next year. ...  > full story

Obama presses economic theme as team solidifies

CHICAGO, Nov. 26, 2008 (Reuters) — President-elect Barack Obama takes another step toward tackling the ailing U.S. economy on Wednesday as part of an aggressive effort to demonstrate that his administration will face the global financial crisis head-on. ...  > full story

Obama says long haul ahead

LONDON, Nov. 22, 2008 (Reuters) — President-elect Barack Obama said on Saturday he was crafting a two-year plan to fight an economic crisis of "historic proportions" and Chinese leader Hu Jintao said his country was ready to play a big role in the global effort. ...  > full story

Obama says drafting bold economic stimulus

CHICAGO, Nov. 22, 2008 (Reuters) — U.S. President-elect Barack Obama said on Saturday that he was crafting an aggressive, two-year stimulus plan to revive the troubled economy, warning that swift action was needed to prevent a deep slump and a spiral of falling prices. ...  > full story

GM cuts output, jets as U.S. demands turnaround plans

DETROIT/WASHINGTON, Nov. 21, 2008 (Reuters) — Detroit automakers began work on turnaround plans demanded by Congress in return for $25 billion in aid as General Motors Corp said it would cut production more and give up two of its controversial corporate jets. ...  > full story

Bailout debate simmers; GM pares output, jet fleet

DETROIT/WASHINGTON, Nov. 21, 2008 (Reuters) — Detroit automakers began work on the turnaround plans demanded by Congress in return for a possible $25 billion rescue as General Motors Corp said it will cut production more deeply and drop two of its controversial corporate jets. ...  > full story

Democrats demand Big 3 offer survival plan

WASHINGTON, Nov. 21, 2008 (Reuters) — Democratic congressional leaders, seeking to salvage a bailout of the Big Three automakers, demanded executives provide a business survival plan in exchange for their support of up to $25 billion in loans. ...  > full story

Four senators reach bipartisan auto aid deal

WASHINGTON, Nov. 20, 2008 (Reuters) — Four senators have reached a bipartisan agreement on a bill to assist the struggling automotive industry, the lawmakers announced in a joint statement on Thursday. ...  > full story

Lawmakers fault Treasury, Fed on bailout

WASHINGTON, Nov. 20, 2008 (Reuters) — Exasperated U.S. lawmakers criticized Federal Reserve and Treasury Department efforts to shore up the faltering economy on Thursday, telling officials that their financial rescue efforts have not reached small businesses or homeowners. ...  > full story
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