US auto sales continue crashing
US automobile sales have crashed again in the month of June 2008. The sales have crashed for all the major players, with GM reporting 25% drop, Toyota reporting 4% drop and Ford reporting over 12% drop. The drop by all the players for several months continuously has caused worry in government circles since recession looks unavoidable. The only way out seems to be in getting the Crude oil prices to below 100 dollars levels and sustaining them there for a longer period.