|
|
"A comprehensive, collaborative elections resource."
|
High anxiety for U.S. automakers
|
|---|
| Parent(s) |
Issue
|
| Contributor | RP |
| Last Edited | RP Jul 23, 2004 07:42pm |
| Logged |
0
|
| Category | Analysis |
| News Date | Friday, July 23, 2004 06:00:00 AM UTC0:0 |
| Description | bout 60 degrees and six months ago, during the Detroit auto show, there was a feeling of hope and optimism that an improving economy and slew of new and redesigned vehicles -- Chevrolet Corvette, Ford minivan, Chrysler 300 sedan -- would combine to increase Detroit automakers' sales while slowing down the rebates and incentives that wreak havoc on profits.
Now, just past the year's halfway point, as second-quarter financial results pour out from General Motors Corp., Ford Motor Co. and the area's largest auto suppliers, a new feeling is in the air: uncertainty. Or nervousness. Or concern.
Whatever word is used to capture it, there is a definite sense that the second half of the year needs to go better than the first for Detroit's auto industry. Already, some are warning it won't.
A number of Detroit's largest auto-parts makers -- such as Delphi Corp. and Visteon Corp. -- have told Wall Street they won't make as much as predicted in the third quarter or have given less-than-rosy projections for the rest of 2004. GM, too, gave the investors and analysts that cover them a cautious view of the year. |
| Share |
|
|
2¢
|
|
| Article | Read Full Article |
|
| Date |
Category |
Headline |
Article |
Contributor |
|
|
