Reports: Chrysler says U.S. auto sales are worse than expected
Chrysler LLC’s chairman on Tuesday told employees auto sales are falling even further than it originally expected for the year, according to media reports.
Bob Nardelli told employees sales could fall to 12.5 million units for the year from 16.6 million in 2007, according to a report in the Detroit Free Press.
Most analysts projected a slow down in 2008 auto sales, but only to about 15.5 million units.
Nardelli reportedly made no suggestions about what this decline could mean to manufacturing jobs, but Chrysler often ties production to strength of vehicle sales.



Duh. You can’t much past that Nardelli.