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25 Billion Bailout

Car Sales Tank; Detroit Visits DC, Pt. II

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

Now that they have our attention, the Detroit Three, in plans submitted to Congress Tuesday, increased their appeals for federal loans from $25 billion to $34 billion.

2008 SEMA Show in Las Vegas -- Last Gasp for High-Performance Cars? SEMA photo album now available, too

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

Many of the people and companies we saw at SEMA last week may very well be out of a job or out of business by next year's show.

Late Car Payments Now Total $25 Billion; US May Lose 700 Dealerships This Year

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

The number of people late on their monthly car and truck payments is huge, represented by nearly $25 billion worth of consumer auto loans that are delinquent.