Argentina tries gov’t car loan plan
Consumers to get low interest car loans as carmakers agree to produce low-cost models.
Argentina’s auto industry will get a 3.1 billion peso ($900 million) boost with cut-rate loans for first-time new car buyers, the government said Saturday.
Production Minister Deborah Giorgi’s announcement detailed a key part of a broader economic stimulus [...]
Toyota Will Cut 3,000 Jobs in Japan as Car Sales Fall
By Makiko Kitamura
Nov. 21 (Bloomberg) — Toyota Motor Corp., Japan’s biggest carmaker, will cut its domestic temporary workforce by 50 percent as vehicle demand slumps globally.
Toyota will cut the number of temporary workers to 3,000 from 6,000 by the end of March, spokesman Paul [...]
Asian Markets Recover, European Shares Up Slightly
By KEITH BRADSHER and BETTINA WASSENER
Published: November 20, 2008
HONG KONG
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Dow plunges below 8,000 - 1st time since ‘03
Major indexes close sharply lower. Fears grow about economy and auto industry.
By Ben Rooney, CNNMoney.com staff writer
NEW YORK (CNNMoney.com) — Stocks fell hard on Wednesday, with the Dow closing below 8,000 for the first time since March 2003, as ongoing anxiety about the economy and uncertainty about [...]