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ICICI to take a relook at its used car financing business
ICICI Bank is re-examining its used car financing business model. The bank has stopped giving credit limits to its direct selling agents (DSAs), at a time when other banks have only tightened their DSA limits

Auto sales plunge again in December
Battered by tight credit and the worst recession in decades, industrywide U.S. auto sales plunged 36% from year-ago levels in December, a decline that hit all of the major automakers, both foreign and domestic, and capped the industry's worst year since 1992.

Auto industry braces for more bad news
The good news for the auto industry in December came when General Motors and Chrysler got their federal bailout. The bad news is coming Monday, when automakers are expected to report another month of staggering sales declines.

Auto industry girds for chilling Dec. sales report
The good news for the auto industry in December came when General Motors and Chrysler got their federal bailout. The bad news is coming Monday, when automakers are expected to report another month of staggering sales declines. Many analysts are predicting the industry to report that U.S. sales in December dropped about 40 percent, bringing an official close to what has been one of the industry's ...

Flaherty hints at tax cuts
The federal government and the country's banks have agreed to form a group to work on ensuring adequate availability of credit and financing in Canada, Finance Minister Jim Flaherty said today.

Automakers get bad news by carload
DETROIT — Huge rebates and zero-percent loans couldn't overcome economic uncertainty as U.S. auto sales plunged 36 percent in December, capping a dismal year that saw sales free-fall by 2.9 million vehicles from 2007.

Flaherty says government, banks working to ensure people get loans
MONTREAL - The federal government and the country's banks have agreed to form a group to work on ensuring adequate availability of credit and financing in Canada, Finance Minister Jim Flaherty said Tuesday.