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US car sales fall below China’s for first time


The slump came in spite of generous incentives offered by carmakers last month, including employee pricing deals, and an infusion of federal cash to the carmakers’ lending arms. GMAC and Chrysler Financial are accessing a total of $7.5bn of troubled asset funds.

“Today we’re at the vortex of the economic downturn, and it’s difficult to talk about recovery,” said Emily Kolinski Morris, Ford’s senior economist.

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vortex 〔社会運動などの〕渦巻き

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