November 18, 2007

Wilbur Ross sees 2008 U.S. auto sales below 16 mln (Reuters)

Wilbur L. Ross Jr., Chairman and Chief Executive Officer of WL Ross and Co. LLC., a billionaire financier known for his investments in the U.S. steel, coal and auto parts industries, speaks with Reuters during a visit to Dearborn, Michigan January 11, 2006. Ross said on Sunday he expects to expand the International Automotive Components Group companies into India in 2008 and is mulling establishing a separate parts supplier as well. (Rebecca Cook/Reuters)Reuters – U.S. light vehicle sales industrywide
were likely to slip below 16 million vehicles next year as the
housing market continues to slow through 2008, billionaire
investor Wilbur Ross said on Sunday.

Filed under Real Estate Blog, Real Estate Business by Yahoo! News: Business - Real Estate

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