Cars drag down core producer prices in Aug
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U.S. producer prices edged up a   smaller-than-expected 0.1 percent last month and core prices   posted a surprise drop of 0.4 percent, the biggest since April   2003, on the back of sliding car prices, the government said on   Tuesday.
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Ford Motor posted weaker U.S. vehicle sales for August today and cut its fourth-quarter production. Chrysler posted a fifth straight month of stronger results.
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Wholesale prices dipped 0.1 percent in August as a retreat in food costs helped to blunt a rise in the price of some energy products, a fresh sign that inflation isn't currently a problem for the economy.
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General Motors Corp. and Ford Motor Co.  posted weaker U.S. sales for August on Wednesday and both cut  planned fourth-quarter production as their aging vehicle  lineups lost ground to rival Chrysler and some foreign brands.
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Major automakers posted mixed U.S. sales for August on Tuesday, as executives cautioned the embattled industry was facing reverberations from a weaker housing market and the shakeout in subprime lending.
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US wholesale prices dipped 0.1percent in August as a retreat in food costs helped offset a rise in energy prices, the US Labor Department reported Friday.
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SAN FRANCISCO (CBS.MW) - Shares of leading automakers closed on a positive note Thursday, one day after General Motors and Ford Motor posted soggy sales results for August and announced plans to scale back production.
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August producer prices posted their sharpest fall since October and home builders' confidence slipped again, data on Tuesday showed, backing views the Federal Reserve will cut interest rates to shield growth.
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General Motors Corp. GM.N posted a 7  percent drop in U.S. vehicle sales for August, and set its  fourth-quarter North American car and truck production 6.8  percent lower, the automaker said on Wednesday.
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U.S. retail sales posted a  larger-than-expected decline in August, a Commerce Department  report on Tuesday showed, but the drop was mostly confined to  the automotive sector.
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The outlook for China's once sizzling auto market has cooled, prompting both foreign and domestic automakers to scramble to undercut their competitors by slashing prices by up to 20 percent.
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In August, for the first time since 1995, housing prices slipped a bit from the previous August.
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WASHINGTON - Wholesale prices dipped 0.1 percent in August as a retreat in food costs helped to blunt a rise in the price of some energy products, a fresh sign that inflation isn't currently a problem for the economy. The decline in the Producer Price Index, which measures costs of goods before they reach store shelves, came after wholesale costs edged up by 0.1 percent in July, the Labor Department reported Friday...
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General Motors Corp. and Ford Motor Co. this week reported disappointing US sales for August, prompting the nation&#39;s two largest automakers to cut planned vehicle production in the fourth quarter, which could hurt profits.
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The average incentive on cars and trucks sold in the United States fell by nearly 11 percent in October from September as automakers ramped up inventories of new 2005 model year vehicles with fewer discounts, an industry tracking group
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U.S. producer prices edged up a  smaller-than-expected 0.1 percent last month and core prices  posted a surprise drop of 0.4 percent, the biggest since April  2003, on the back of sliding car prices, the government said on  Tuesday.
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DetroitÂs big rebates and interest-free financing deals have strengthened car sales for the last three years. But they have also eroded the resale value of many American automotive brands.