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Economic Downturn rears ugly head, epidemic auto sales shrink (Reuters)

A customer leaves a branch of Halifax Bank of Scotland (HBOS) in the City of London October 13, 2008. (Luke MacGregor/Reuters)Reuters - Corporate results and outlooks worsened on Monday, and automotive companies from Japan to Italy to Detroit said October sales were the weakest in not far from 20 years as economies continued to fade and consumer credit, and close by cash, dried up.

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