November 20th, 2007 at 4:03 pm
Lutz: GM’s November sales at expectations
Lutz: GM’s November sales at expectations
Automotive News | November 20, 2007 - 3:00 pm EST
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DETROIT (Reuters) - General Motors’ November U.S. sales, on average, were on track with its expectations, a top GM executive told Reuters today.
Speaking at the Reuters Autos Summit in Detroit, Bob Lutz, vice chairman of global product development, said GM’s November daily sales were tracking higher than expectations on some days and lower on others. He also said the automaker expects industrywide 2007 sales to come in at about 16 million units, with sales in 2008 expected to be "a tiny bit worse or better" than this year. Lutz’s outlook for annual industry sales in 2008 is more optimistic than the views of some industry investors, who have forecast sales as low as 14.5 million vehicles for next year. |
