VW Beetle to Exit U S Market After 28 Years
VW halts U S sales of the Beetle sedan citing emissions and safety standards costs with low volume. Last shipment sent, leaving about 2,000 cars in dealer stock as the company projects 9,000 annual sedan sales at 5,007 dollars each for the higher priced Beetle convertible option still sold. The Beetle, first sold in 1943, sparked the import era and defined a small car era in American auto history.
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Market slips as Dow sinks on rate fears
New York AP report shows continued market decline amid rising interest rate worries and a slower projected third quarter GNP. Dow Jones 30 off 1.64 to 867.64 at midday as NYSE composite slips to 83.58 while trading volume nears 8.29 million shares. Bank lending rate expectations rise with Federal Reserve policy looming.
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