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Selected category: Auto

GDP for the third quarter of 2009 was revised down from 2.8% to 2.2% today. That was a greater drop than many economists forecast (aren't economists like meteorologists?). As the graphs below show, durable goods orders led the way and powering durable goods gains were increased in auto sales.

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US Bank is offering consumers a .5% discount on their auto loan rate to purchase a green vehicle, as defined by the EPA.

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This development probably marks the end of the line for Saab which sold only 7,600 cars in the US in the last 12 months.

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The government's cash-for-clunkers program was suspended last night by the government as confusion reigns over how much has been spent and the process for dealers to submit rebate information.

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GM's bankruptcy is being met with a huge cheer. Doesn't make too much sense.

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For those who don't drive much, usage based auto insurance could provide savings. There are privacy concerns, and more importantly, there are still few options as insurance companies are slow to offer these types of policies.

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Hedge Fund Manager George Schultze is complaining because the government's bankruptcy settlement for Chrysler puts the worker's underfunded pension obligations above his bond investments.  He claims that he'll have to th... Read →

Should Credit Scores Affect Your Auto Insurance Rates?

Most auto insurers take credit scores into account in determining rates. This is impacting consumers especially hard in these tough economic times, and many states are taking steps to help.

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The current environment presents the perfect opportunity for the government to just say "enough is enough."

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President Bush announced that GM and Chrysler will receive $13.4 billion in government loans to keep them afloat until March.

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Government to Raid TARP to Fund Auto Bailout

All major media are reporting that the Treasury has agreed to extend cash to the automakers via the TARP program. This is the worst of all possible solutions.

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The House just approved a $15 billion loan to the auto industry to help the Big Three keep going a bit longer. The bill has yet to be approved by the Senate although there is growing opposition. This seems like much tougher treatment than what the financial companies received. What going on here?

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Obama's got a plan, but he won't say were to pay for it. Here is an idea. I know its controversial.

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GM's 10-K showed a funded status of $19 billion, based on assets of $104 billion and liabilities of $85 billion as of Dec. 31. If the union and the employees believe in the company than why not lend the company the money for the turn-around?

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Hard times put a lot of stress on companies. Companies that were already in trouble will not make it.

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