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Auto sales fall to a decade low in mid-October
Detroit AP reports the four U.S. automakers posted the weakest mid-October new-car sales in 10 years with declines from 18 to 45 percent. Chrysler Chairman Lynn Townsend warned of a coming recession and urged government incentives to buy cars. Prices rose about 400 dollars on 75 models as economic uncertainty and credit woes hurt demand.
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Detroit
U.S
Chrysler Corp
Chrysler
Lynn Townsend
Townsend
American Motors
General Motors
Ford
Washington