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GM CEO sees ‘modest’ U.S. auto sale recovery
GM CEO sees ‘modest’ U.S. auto sale recovery
Posted Thursday, Sep 24, 2009, 4:02 pm in Employee News
The U.S. car market should see a modest recovery in 2010, with sales possibly reaching between 11.5 million and 12 million vehicles, General Motors Chief Executive Fritz Henderson said on Thursday, Reuters reported.
Henderson said the U.S. market this year was on track to reach 10 million to 10.5 million unit sales and on track for a continued gradual recovery, the story said. In a subsequent interview with CNBC, Henderson said he expected that 2011 sales would rise to around 13 million units, near the level of sales in 2008 before the sharp downturn began, Reuters said.
The GM executive repeated a forecast that the company, which is undergoing restructuring coming out of bankruptcy, expected to achieve its break-even point for the U.S. market by next year, the news service said. Speaking from Orlando on CNBC, Henderson said he sees a more gradual increase in U.S. auto sales than his counterpart at Ford Motor Co., Alan Mulally, who earlier this week said 2011 U.S. sales could reach 14.5 million units, the story said. (Reuters)
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Rick
Nitro Year: 2007 (1 of 113,000 sold)
Nitro Model: R/T 4X4 Stone White
CAT-BACK Exhaust, CAI, Projector Head Lamps
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