Dollar Slumps Below 90 Yen as U.S. Auto Bailout Fails in Senate
The dollar slumped below 90 yen for the first time in 13 years after the U.S. Senate rejected a $14 billion bailout for the nation
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Oil settles near $48 on auto vote
Passage of the $14 billion measure to aid carmakers helps boost sentiment about economy, but threatens weaker dollar.
By Kenneth Musante, CNNMoney.com staff writer
Oil prices jumped Thursday after the House passed a $14 billion stop-gap measure designed to keep the U.S. auto industry from immediate collapse.
U.S. crude for January delivery [...]
Detroit Chiefs Plead for Aid, to Little Avail
By BILL VLASIC and DAVID M. HERSZENHORN
Published: November 18, 2008
WASHINGTON
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GM, Ford Sales Slump Puts Buyers in Driver’s Seat
By Alexis Leondis and Philipp Schlaeger
Nov. 17 (Bloomberg) — John Bruno, president of a car dealership in midtown Manhattan, said he would do anything to sell a car, including slashing prices by at least 10 percent on various models.
“If they want to buy a car, they are [...]
Obama sees need for auto bailout
By Steve Holland - Analysis
CHICAGO (Reuters) - Since his election last week, Barack Obama has largely avoided getting entangled in resolving issues now that will face him later as president, except for one big item: Bailing out the U.S. auto industry.
A heated debate has broken out in Washington over whether [...]