Ford Motor Co. on Wednesday called its 10.7 percent drop in U.S. June sales “steady progress,” after a year of sharp declines across the industry. [...]

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The White House announced a $17.4 billion rescue package for the troubled Detroit auto makers that allows them to avoid bankruptcy and leaves many of the big decisions for the incoming Obama administration.
Speaking from the White House, President George W. Bush said the administration decided against forcing a bankruptcy to compel cost-cutting, in order to [...]

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The Treasury Department said Friday it’s prepared to act to avoid any possible collapse of nation’s three largest auto companies given that rescue efforts in Congress have failed.
“Because Congress failed to act, we will stand ready to prevent an imminent failure until Congress reconvenes and acts to address the long-term viability of the industry,” said [...]

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O.C. Welch of Hardeeville, South Carolina has come under fire recently from both mainstream media outlets and auto blogs alike for airing what some have tagged a “racist” radio advertisement for his dealership, O.C. Welsh Ford Lincoln Mercury. Titled “Wake Up America”, Welch’s ad spot takes a jab at import cars, saying of Toyota “All [...]

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