U.S. auto industry hits the skids in October

Newswire

By Tom Brown DETROIT, Oct 26 (Reuters) - The U.S. auto industry hit the skids in October, with sales of new cars and trucks on track to come in at their slowest pace in seven years, analysts said. As expected, Detroit's automakers have felt most of the pain, with sales at General Motors Corp. and Ford Motor Co. seen posting another month of double-digit declines. Even Chrysler is expected to report lower sales compared with the same month a year earlier, ending an 18-month winning ...

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