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US Automaker Records Billions in Losses |
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 US automakers namely, General Motors, Ford and Chrysler has recorded billion dollars losses due to weak auto sales nationwide as well as slower sales overseas due to lesser spending by the general public.
The US government has stepped in to help bail out these automakers by offering a $25 billion dollars fast track bailout plans.
It’s inevitable that the nation might hit recession sooner that we think. Let’s just hope that Obama could revive such fragile economy when he steps into office January next year.
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