Auto Sales Are Down Again, but G.M. and Toyota Are Optimistic |
| New York Times - Apr 2, 2008 |
Sales for each of the nation’s four largest automakers fell last month, prompting some executives to forecast a gloomy spring, a period that typically posts strong sales.
General Motors and Toyota, however, said they were optimistic about the benefits of declining interest rates and tax rebate checks that most Americans will get starting in May as part of the federal economic stimulus package. But executives at the Ford Motor Company said they did not think the industry had hit bottom yet.
“I’d like to be able to tell you the worst is behind us, but I really can’t give you that assurance,” Ford’s marketing chief, James D. Farley, said on Tuesday. “At this point, our sense is that the next quarter may be our most difficult.”
Read Full Article from New York Times
- Posted: 2008-04-02 08:39:24
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