Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Global auto market may “collapse” in 2009: J.D.Power

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Reuters
Friday, October 10, 2008

The global auto market may experience an “outright collapse” in 2009 amid growing concerns around credit availability of credit and general economic stress, an influential industry tracking firm said on Thursday.

J.D. Power and Associates forecast U.S. light vehicle sales would fall to 13.2 million units in 2009 after likely settling at 13.6 million units this year, adding that a pronounced recovery is more than 18 months away.

“While the global automotive industry is clearly experiencing a slowdown in 2008, the global market in 2009 may experience an outright collapse,” said Jeff Schuster, executive director of automotive forecasting for J.D. Power.

(Article continues below)

“While mature markets are being impacted more severely than emerging markets, no country or region is completely immune to the turmoil,” Schuster said.

(Reporting by Soyoung Kim)

This article was posted: Friday, October 10, 2008 at 4:07 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
Dangerous Ideas: Burqa Liberation Day See the rest on the Alex Jones YouTube channel.

Cliven Bundy Urged to Sue BLM for Impersonating Police Officers See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.