Auto Knight

GM Feels Positive Developments Coming For Auto Giants

by Darren

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GM has been feeling the pinch of an economic slowdown that has lingered on. But representatives from the company say the worst may be over.

G.M.’s chief sales analyst, Michael C. DiGiovanni, called the economic stimulus checks, which will be at least $600 for most individuals and include an extra $300 for each dependent child, “the most important reason we haven’t changed our forecast.”

“We don’t expect to see nirvana in the next 60 days, but we expect to see some positive signs,” said Mr. DiGiovanni, who estimated that 40 percent of consumers would spend their checks rather than save them or pay down bills.

It remains to be seen what impact, if any, the tax stimulus refund checks will have on the industry.