GM Posts Mid May Sales Record Across Domestic Makers
Detroit based reports show US carmakers posting the second strongest mid May sales in history with a 53 percent rise in new car deliveries from a year earlier. GM sets a mid May record with 141,053 cars and 20,117 daily rate while Chrysler up 25 percent and Ford up 49 percent. AMC and AMC show mixed results as industrywide demand rebounds.
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Finance Panel Approves Tax Credit For Insulation
Senate Finance Committee advances energy and tax measures in a broad bill. Insulation credit would cover 30 percent of costs up to 150 dollars per home, max 225, costing about 300 million annually. Also adds business credits for insulation and solar use, and penalties for bribery related transactions.
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