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Report - USA - WJR Auto: Prices Rising
USA - The Car Connection -4 Oct 2005: -- After a brief retreat, gas prices are on the rise again. And that could be bad news for the auto industry. Sales of full-size sport-utility vehicles are already showing signs of what industry executives euphemistically call "softness." Bottom line, sales are tumbling. That's particularly bad news for Detroit... But the situation is starting to worry some of the imports, as well... Even the Asians are starting to feel the impact of rising oil prices. Nissan officials tell they're cutting back production at their Mississippi assembly plant, which produces such big truck models... It's starting to seem like fuel prices have finally reached a point where they're affecting everyone's buying decision...
posted by Unknown @ 12:07 PM
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