GM leads way into downward spiral as auto anxiety soars
9:53 AM Fri, Jun 27, 2008 | Permalink
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The Detroit auto industry appeared to be imploding Thursday, according to USA Today. Shares of General Motors (GM) stock hadn't traded so cheaply since the 1950s. Ford Motor (F) stock was at a 52-week low. Privately held Chrysler doesn't trade but still felt compelled to deny a rumor that it will file for bankruptcy protection. 
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