Wednesday, September 16, 2009

Cash For Clunkers Ends: Auto Sales Are a Disaster in September

“We are going to see harsh reality in September,” Sergio Marchionne, the chief executive officer of Fiat and Chrysler, said at the Frankfurt Motor Show. Results are a “disaster.” (says Bloomberg)

Fritz Henderson, CEO of General Motors Co., saiys the market is “very weak” this month.

Chrysler Group LLC, the U.S. automaker run by Italy's Fiat , said nationwide industry sales are off 19 percent so far this month after the cash for clunkers government purchase-incentive program ended.

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