- Automobile executives press politicians to reopen the government as they ponder the impact of the stalemate on U.S. consumers,
- Ford (F) spokesperson Erich Merkle says the automaker hasn't seen a sales slowdown in the U.S. attributable to the government shutdown yet, while Chrysler (FIATY.PK) acknowledges only a minimal impact.
- Yesterday, Hyundai's (HYMLF.PK) CEO created a stir when he predicted U.S. auto sales could drop by as much as 10% due to the squabbling in Washington DC.
- Most automobile analysts think if the budget impasses stretches into next week that demand will be clipped noticably.
- Related stocks: GM, VLKAY.PK, HMC, TM, NSANY.OB
Automakers nervously watch events in Washington
Oct 16 2013, 06:59 ET