auto outlook: drivers wanting better mileage look to foreign carsby al swanson to avoid a meltdown in 2006, ford motor co. mortgaged the farm putting up its assets - including its blue oval logo, and f-150 pickup and iconic mustang trademarks - to secure $23.5 billion in credit.rising auto sales a bright spot among bleak reportseasier credit, pent-up demand and dealers' incentives drove a 26% increase over last may, despite negative indicators in jobs, housing and consumer confidence. despite signs of a slowing economy, automakers continued to power ahead as pent-up consumer demand, easier borrowing and better deals drove consumers back to the showrooms for new vehicles.fitch publishes latest u.s. auto abs 'driver's seat'link to fitch ratings' report: in the auto abs driver's seat http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=677778global growth in auto sales slows amid weakness in western europe: scotiabanktoronto - global auto sales continue to improve but at a slower pace than in the first quarter amid ongoing weakness in western europe and a recent slowdown in brazil, according to a report issued wednesday by the bank of nova scotia (tsx:bns). |
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