The News Review:
- Inside Detroit autos: Ford lowers full-year forecast
- A Line for General Motors
- Five Cobo deal myths
- Canada May Issue More Auto Loans
Inside Detroit autos: Ford lowers full-year forecast
Detroit Free Press
com | Detroit Free Press. ‘s top sales analyst on Friday cited reports showing declining consumer confidence and slower February sales as the main reason why the company decided to reduce its forecast for total industry sales by 1 million cars and trucks.
Related from Mommie-care: Aldo Mastro: Ford fitness director a loyal volunteer
A Line for General Motors
New York Times
’s request if only to avoid a disorderly liquidation and a stampede of job losses in an economically vulnerable time. General Motors said it had only about $14 billion in cash on hand and it is burning it at a rate of $2 billion a month. Yet President bama’s auto sector task force should not agree to fork over the extra $16 billion that G. has requested until the company its bondholders and its union have reached watertight agreements to slash its liabilities and stanch the hemorrhage of money as they promised to do when they first asked for a taxpayer handout in December. We are troubled by the slow pace of G.
Five Cobo deal myths
Detroit Free Press
There’s no chance that the bama administration the governor or the state Legislature would K the use of stimulus money without a regional agreement to share operating costs. The North American International Auto Show would never forsake the home of the domestic car industry. Chicago’s auto show is already bigger. Foreign carmakers are ready to debut their new models there or elsewhere if Cobo continues to languish. getElementById(“article-pagination”).
Canada May Issue More Auto Loans
New York Times
The figures are pretty unprecedented for us but we haven?t finished the conversation. ? She said that Ford?s Canadian operation was not asking for bailout funds but was having separate discussions on credit issues. As befits her role Ms. Pupatello is a booster for ntario?s auto industry. Chrysler Toyota Honda and Suzuki? she said.