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March 5, 2021
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AUTOMAKERS-ECONOMY
(2008-01-23)
(wgvu) - DOMESTIC AUTOMAKERS SAY THEY'RE OPTIMISTIC THEY
CAN WEATHER AN ECONOMIC DOWNTURN.
AUTO EXECUTIVES SAY THEY'RE UNFAZED BY THE SLIDE IN STOCK
PRICES, WHICH HAS SEEN THE DOW JONES INDUSTRIAL AVERAGE FALL ABOUT
10 PERCENT SINCE THE START OF THE YEAR.
FORD CHIEF ALAN MULALLY SAYS THE AUTOMAKER HAD ENOUGH LIQUIDITY
TO DEAL WITH A RECESSION.
CHRYSLER CHIEF BOB NARDELLI SAYS THE FEDERAL RESERVE'S DECISION
TO LOWER INTEREST RATES WILL PUT MORE MONEY IN THE ECONOMY AND HELP
EASE ECONOMIC PROBLEMS.
GENERAL MOTORS NORTH AMERICAN SALES CHIEF MARK LANEVE SAYS HE
EXPECTS THE AUTO INDUSTRY TO RECOVER LATER THIS YEAR.
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