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J.D. Power reduces its forecast for auto sales in FY11 and FY12, by 300K and 600K respectively,...

J.D. Power reduces its forecast for auto sales in FY11 and FY12, by 300K and 600K respectively, noting the anticipated "snap-back" following the Japan earthquake never hit. A rep says, "ascending from the recession is proving to be just as bumpy as the decline into it." Premarket:  F -2.7%, GM -1.8%.
Comments (1)
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    "Steep recessions are followed by robust recoveries."
    -- C. Wisdom

     

    "...ascending from the recession is proving to be just as bumpy as the decline into it."
    -- J.D. Power
    19 Aug 2011, 09:29 AM Reply Like
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