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Reuters: GM CEO says credit crunch hurting September sales

Started by chris, September 26, 2008, 02:01:36 AM

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chris

GM CEO says credit crunch hurting September sales
      


By Kevin Krolicki
    FLINT, Michigan (Reuters) - General Motors Corp  Chief Executive Rick Wagoner said on Thursday that September U.S. auto sales were running about flat from August, but held out hope a federal auto loan package, tax breaks and a banking bailout, all pending in Congress, would support demand.
    "The market this month seems kind of like last month," Wagoner told reporters. "Last month, we also had tight credit, so I think there's no question that it's affecting au
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