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Drop in Truck, SUV Demand Sinks Chrysler
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The giant auto company DaimlerChrysler reported a 37 percent drop in its third-quarter earnings on Wednesday, primarily because of the poor performance of the Chrysler division due to decreased demand for bigger trucks and SUVs.
The bad news follows a string of omens about the U.S. auto industry. Jack Speer examines the significance of the news, and what it means to jobs and domestic manufacturing.
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