Captain Obvious Says U.S. Auto Industry Is In A Recession
Read 13,204 TimesPosted May 14, 2008, 8:02 ET by Jason
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More in: Chevrolet, General Motors, GMC

Just in case you did not get the memo, General Motors Corporation President, Fritz Henderson, announced during an interview yesterday, that there is no question the United States' automotive industry is currently in a recession. "There have been a lot of questions about whether the U.S. economy is in recession...The U.S. auto industry is definitely in a recession". Well thank you for stating the obvious, Mr. Henderson! What is next? High gas prices? As reported by Freep




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