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They face declining profitability due to increasing competition from Internet news sources, and therefore have less money to spend on news-gathering. In 2008, ITV reinstated News at Ten which remains the BBC's main competitor. Buying Volvo and Land Rover was costly enough, but Nasser also splurged on wispy e-commerce ventures, a chain of auto repair shops in Britain, Norwegian-built electric cars, even junkyards. New models were supposed to help, particularly new cars, which Ford heralded by proclaiming 2004 as "The Year of the Car." But recovery proved stubbornly elusive. Ford was also being squeezed by escalating raw materials costs and -- the big hit -- a sharp drop in demand for its most profitable SUVs, triggered by a spike in gas prices during 2005 to over $3 a gallon in many places. The result was a refocused 2005 lineup with more orthodox styling inside and out, plus more competitive "value" pricing.

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