Will Detroit Throw Industry in Ditch?

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LOS ANGELES While the nation kept its eyes on Wall Street, banks and financial institutions last week, car alarms sounded in the auto industry, which was hit by a double dose of bad news: domestic sales reached a 15-year low through September, dipping below 1 million units, and dealers are now experiencing a credit crunch, per Todd Turner, principal analyst at Car Concepts, Thousand Oaks, Calif.

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