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Economic slowdown fails to put brakes on automakers' allegiance to NASCAR

By David Newton
ESPN.com

Thursday, August 14, 2008

BROOKLYN, Mich. -- Automakers fret over resale values. Chrysler sells assets to raise cash. Ford lays off 300 from Romeo Engine. Toyota profits plunge. General Motors stock prices fall 15 percent. Headlines in the automotive industry don't paint a pretty picture these days. Detroit's Big Three -- General Motors, Ford Motor and Chrysler -- have cut more than 100,000 jobs since 2006 to offset billions in losses and their steadily declining market share due to rising gas prices and an overall do ...

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