Tuesday, April 24, 2007
US sub-prime problems hit car sales says GM VP
Genaral Motors vice president Bob Lutz says that problems in the sub-prime market have hit car sales this month. His comments come at a time of record repossessions in the sub-prime. This sub-prime market may be an issue but I smell a rat and think Lutz is saying partly due to GM losing it position as the Worlds Number 1 car maker to Toyota.