• By Andrew Stoy
    Sep 30, 2008 9:30 AM 1,178
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    Sky Falls, Takes Auto Stocks With It

    Automaker stock values plummeted along with the Dow yesterday, with most closing down at least seven percent, reports Automotive News. General Motors dropped $1.25 to $8.51, while Ford dropped 64 cents to close at $4.17. Suppliers were hit equally hard, while dealership groups like AutoNation and Penske saw declines from 3-13%. So, is now just a really good time to buy? Depends on the gambler in you. If it were our money (and it won't be), we'd send a little toward Dearborn simply based on the product we know is in the pipeline. [Automotive News (sub. req.); Photo Credit: Thelightisgreen.com]


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