FOR anyone reading the headlines, the car-buying experience seems to have quickly gone from bad to worse. Finance companies have cut back on loans and become stingier with leases — if they are still leasing at all.
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Loans Are Available, but Equity Is Not Keeping Pace
Home-equity loans once used in at least […]

To the long list of troubles plaguing the financial industry, add three big ones — make that Big Three ones.
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FOR anyone reading the headlines, the car-buying experience seems to have quickly gone from bad to worse. Finance companies have cut back on loans and become stingier with leases — if they are still leasing at all.
Skip to next paragraph
Multimedia
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Loans Are Available, but Equity Is Not Keeping Pace
Home-equity loans once used in at least […]

Not so long ago, corporate giants with names like PanAm, ITT and Montgomery Ward roamed the earth. They faded and were replaced by new companies with names like Microsoft, Southwest Airlines and Target. The U.S. became famous for this pattern of decay and new growth. Over time, American government built a bigger safety net so […]

WASHINGTON — The prospects of a government rescue for the foundering American automakers dwindled Thursday as Democratic Congressional leaders conceded that they would face potentially insurmountable Republican opposition during a lame-duck session next week.
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Senator Christopher J. Dodd said Thursday that he did not think there would be […]

DETROIT — Just two months after celebrating its 100th birthday, General Motors is facing the grim prognosis that it may not survive to see another year unless it is rescued by a bailout from the federal government.
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Rick Wagoner, G.M.’s chief, said his company needed help immediately.

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DETROIT — Fall in this city has always felt a bit like spring elsewhere. It is traditionally the season of fresh starts for the hometown industry, a time when the auto companies get a jump on the calendar and begin shipping next year’s models to dealers.
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G.M. has sought […]

Here is a measure of just how grim the economic outlook is: It seems to make sense to pump billions more taxpayer dollars into Detroit’s automakers even though down the road they could quite possibly go bust anyway.
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Additional commentary, background information and other items by Times editorial writers.
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Is General Motors too big to fail?
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Rick Wagoner, the chairman and chief executive of G.M., hopes the Treasury Department will help finance a merger of G.M. and Chrysler, salvaging the companies and his own legacy.

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WASHINGTON — The Bush administration is examining a range of options for providing emergency financial help to spur a merger between General Motors and Chrysler, according to government officials.
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