Dec

2

Recession-hit automakers brace for grim US sales (AP)

≡ Category: Todays Top News Stories | ≅

Thousands of steel workers protest against prospective job losses near EU headquarters in Brussels. The global economic crisis swept on to another watershed on Tuesday with EU ministers targeting a huge spending boost, stocks gyrating, the US in recession and central banks looking for new rescue routes.(AFP/Dominique Faget)AP - Walloped by the recession, automakers' U.S. sales are plummeting as hard-to-get credit, job losses and other stresses make many Americans wary of taking on big-ticket financial commitments.





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