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  • Everett Dirksen (late Senator from Illinois) used to think $1 billion was a lot of money. "A billion here, a billion there and pretty soon you're talking about real money" he said in a famous hearing in the 1950's. It now seems a drop in the bucket when you think about a $787 billion stimulus package and a $1.8 trillion budget deficit.

  • General Motors logo

    General Motors's product development chief says the company will introduce a plug-in rechargeable midsize sport utility vehicle sometime in late 2010 or in 2011.

  • Stock index futures pointed to a mixed opening Thursday, with the tech-heavy Nasdaq futures faring the worst after Cisco's chief executive was cautious on calling a bottom.

  • Stocks ended lower Wednesday, despite a late attempt at a recovery, as disappointing readings on the service sector and employment situation, as well as a cautious outlook from Dow component P&G, fueled concerns about the economic recovery.

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    Per yesterday’s release from the Bureau of Economic Analysis (BEA), in June U.S. personal income dropped 1.3%, while consumption (PCE) increased 0.4%.  However, PCE, adjusted for price changes, actually decreased 0.1% in June. Purchases of motor vehicles and parts more than accounted for the decrease in June as the White House’s (fast fading) “cash-for-clunkers” had little initial impact writes Stephen Schork.

  • Stocks tumbled Wednesday following disappointing readings on the service sector and employment situation, as well as a cautious outlook from Dow component P&G.

  • The head of the task force overseeing the auto industry says the U.S. government will not use its stake in General Motors to make social policy.

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    Automaker chief says Toyota is fast-tracking plans for an affordable sports car it will launch in the next few years and says US auto market will bounce back strong.

  • Stocks tumbled Wednesday following disappointing readings on the service sector and employment situation, as well as a cautious outlook from Dow component P&G.

  • Stock index futures pointed to a slight rise Wednesday, despite a drop in shares for Dow component Procter & Gamble and a sharp rise in planned layoffs for July.

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    Legislation to inject more money into the "cash-for-clunkers" program will pass the Senate before the start of a month-long recess at the end of this week, Senate Majority Leader Harry Reid said Tuesday.

  • Stocks ended flat Tuesday as investors took a breather after Monday's blockbuster rally.

  • Customer at an auto dealership.

    The Senate is readying an extension of the so-called Cash for Clunkers program, potentially providing more consumers with another chance to cash in on the popular government program. But does it make sense for you to make use of this program?

  • Stocks struggled to stay in positive territory for any length of time Tuesday as profit-taking after Monday's blockbuster rally overshadowed a fifth-straight rise in pending-home sales.

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    The recession has spawned many things, but you wouldn't think trust was one of them. Enter "Recession Ride Taxi," the taxi that lets YOU set the fare!

  • Stocks bounced back from a lower open Tuesday after a surprisingly sharp jump in pending-home sales.

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    General Motors, Ford and Chrysler are not the only ones working through wrenching restructurings. Toyota is, as well, though with a much lower profile.

  • 2010 Ford Taurus

    I can still remember the day a few years ago when Alan Mulally, recently installed as the Ford spacer CEO, told me his company was changing the name of the Ford 500 to Taurus. Along a few slight styling tweaks, the idea was to bring the Taurus name back and stoke some recognition with buyers who were writing off the blue oval.

  • Futures suggested stock would retreat Tuesday after a milestone session on Monday that sent the S&P over 1,000 for the first time since November.

  • The Nissan Leaf

    The weekly chart for Nissan shows a powerful trend recovery and a strong rebound from newly created support areas. Is the rebound sustainable or is Nissan merely a 'leaf' blowing in the winds of turmoil facing the auto sector? Let's see what the charts say.