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Latest Business News

Big Three to Unveil an Array of New Cars

Tuesday, January 02, 2007 12:49:58 AM
By TOM KRISHER

DETROIT (AP) - After years of ceding much of the car market to Asian competitors, Detroit's Big Three are preparing to roll out an array of new autos that they hope will bring buyers back to their showrooms to look for something besides trucks.

General Motors Corp. and Ford Motor Co. plan to unveil new versions of aging or unpopular models at the North American International Auto Show, which begins later this month in Detroit. DaimlerChrysler AG's Chrysler Group will show off a concept car that likely will be the replacement for the once hot-selling Chrysler 300.

The new models, most of which won't debut until next fall, are critical to the survival of their makers, which have lost billions of dollars this year as consumers shifted away from trucks and sport utility vehicles to more fuel efficient cars made by the competition.


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