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ALLETE INC. Duluth, Minnesota Auto Auction Business Takes Hit After Attacks.(THE NEW AMERICA)
Byline: ALAN R. ELLIOTT
Next stop: ad nauseam.
The endless ads pushing 0% auto financing are enough to make most folks queasy. But car buyers aren't bellyaching. They know the nixed finance charges cut an average $2,700 from the price of a new ride.
That's a whole lot of hubcaps. But what does it have to do with electrical utility Allete Inc.?
Don't let the smokestacks fool you. Yes, Allete is the small and steady electrical provider for 150,000 Duluth, Minn.-area residents and some large Great Lakes industries. But it's also a key player in the industry that auctions 10 million used cars a year to dealers.
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