Cars rebound as clunkers program boosts U.S. sales
U.S. auto sales rose in July led by Ford and others as the cash-for-clunkers program spurred buyer returns. Ford posted a 2.2 percent monthly gain, Chrysler also fell less year over year, while Hyundai eyed a milestone. ongoing funding debate clouded the program’s fate. Subaru rose 34 percent as dealers benefited from improved model demand and industry optimism grew that a recovery may be gaining footing.
MENTIONED IN THIS ARTICLE
Detroit
Ford Motor Co
U.S
Korea
Hyundai Motor Co
Chrysler Group LLC
Japan
Nissan Motor Co
Ford
Lincoln
Crosstown
Auburn Hills
Sheavy Ake Nes
Subaru of America Inc
Government uses public shame to push mortgage relief plan
The Obama administration plans to publish names of mortgage servicers lagging in loan modification efforts to pressure faster action. Treasury officials say progress is slow with only about 200,000 on track, while foreclosures rise and the goal of 500,000 modifications by November remains distant.
MENTIONED IN THIS ARTICLE
Washington, D.C
Obama
Treasury Department
Michael Barr
RealtyTrac Inc
Violet McCutchin
Brooklyn
N.Y
Canarsie
Carrington Mortgage Services LLC
Freddie Mac
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