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Hardworking arrow News arrow Business arrow Business arrow GM's Lutz says mortgage 'meltdown' hits auto sales (Reuters)
GM's Lutz says mortgage 'meltdown' hits auto sales (Reuters)
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Cars are lined up for sale outside an auto dealership selling a variety of General Motors makes in a Denver, Colorado suburb April 19, 2005. The crisis in the U.S. mortgage market has hurt U.S. auto sales this month, General Motors Corp. Vice Chairman Bob Lutz said on Monday. (Rick Wilking/Reuters)Reuters - The crisis in the U.S. mortgage market has hurt U.S. auto sales this month, a senior General Motors Corp. executive said on Monday in one of the highest-profile warnings on the risk of spillover from weaker housing to other areas of the economy.



Read more at: http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20070423/bs_nm/gm_sales_dc.
 
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