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Technology Stocks : XLA or SCF from Mass. to Burmuda

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To: D.Austin who started this subject10/26/2002 11:01:57 AM
From: D.Austin  Read Replies (1) of 1116
 
ARE mass layoffs COMING UP

Auto Sales May Fall 27% as Discount Loans Lose Allure
By Bill Koenig

Detroit, Oct. 26 (Bloomberg) -- U.S. auto sales may fall 27 percent this month from a year-earlier record month as no-interest loans draw fewer customers into dealerships and Asian automakers regroup after a West Coast port shutdown.

Sales may slide 36 percent at General Motors Corp., 31 percent at Ford Motor Co. and 22 percent at DaimlerChrysler AG's Chrysler unit, according to a forecast by Luckey Consulting Group Inc. October 2001 was the first full month that U.S.-based automakers offered interest-free loans to revive demand after the Sept. 11 terrorist attacks. Automakers report sales on Nov. 1.
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