Weekend News Digest is an Open Thread
From Yahoo News Top Stories |
1 Weak end to 2007 expected for carmakers
By DEE-ANN DURBIN, AP Auto Writer
Sat Dec 29, 10:57 AM ET
DETROIT – Industry analysts are predicting a lackluster end to an already dismal year for automakers, likely the worst in nearly a decade.
Holiday discounts failed to bring consumers out of their funk, and December sales are expected to fall around 4 percent, which would bring the full-year total for U.S. auto sales to 16.1 million vehicles, the lowest volume since 1998. Sales have been hurt by consumer anxiety over gas prices, the housing crunch and the overall weakening economy. Industry watchers warn that the 2008 auto sales performance could be even weaker. |