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Economy: Auto Sales / Interest Rates #788935

ABC Evening News for Tuesday, May 03, 2005
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(Studio: Charles Gibson) Today's economic figures introduced.

(Washington: Lisa Stark) The grim auto sales figures examined; GM, Ford & Toyota statistics cited; details given about the government investigation of GM SUVs & trucks for brake problems & recalls due to seat belt problems. ["Car & Driver" magazine editor Csaba CSERE†- cites GM's failures.] [Morningstar equity analyst Philip GUZIEC†- assesses GM sales.] [Muzi Motors Inc. CEO Neal CAMMARANO†, Toyota Lincoln/Mercury of Hollywood Chris ABRAMS†- offer views of GM, Ford & Toyota.]

(Studio: Charles Gibson) The Federal Reserve's raising of interest rates noted.

(Studio: Betsy Stark) The Fed's uncertainty over what to do next to bolster the economy examined; details given of the importance of energy prices. [Economist David JONES†- says if inflation picks up, the sky's the limit for rates.] [Economist William CHENEY†- says high gas prices have slowed the economy.] [Los Angeles consumer Antonia COLITA‡- worries about credit card rates.] [Century 21 John GUEST†- talks mortgage rates.]

Reporter(s):
Gibson, Charles;
Stark, Lisa;
Stark, Betsy
Duration:
00:04:40

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