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	<title>Auto Knight &#187; auto industry</title>
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		<title>Steven Rattner Working With Auto Industry On Recovery</title>
		<link>http://www.autoknight.net/steven-rattner-working-with-auto-industry-on-recovery/</link>
		<comments>http://www.autoknight.net/steven-rattner-working-with-auto-industry-on-recovery/#comments</comments>
		<pubDate>Mon, 06 Apr 2009 12:59:52 +0000</pubDate>
		<dc:creator>Darren</dc:creator>
				<category><![CDATA[Auto Industry News]]></category>
		<category><![CDATA[auto industry]]></category>
		<category><![CDATA[Car Czar]]></category>
		<category><![CDATA[Steven Rattner]]></category>

		<guid isPermaLink="false">http://www.autoknight.net/?p=195</guid>
		<description><![CDATA[Improving the health of the US auto industry is one of the top priorities of the Obama administration.  Steven Rattner&#8217;s name had been bandied about as becoming the &#8220;car czar&#8221; that Obama had spoken of installing in an oversight position.  Instead, Rattner was added to a panel of 14 that is overseeing the [...]]]></description>
			<content:encoded><![CDATA[<p>Improving the health of the US auto industry is one of the top priorities of the Obama administration.  Steven Rattner&#8217;s name had been bandied about as becoming the &#8220;car czar&#8221; that Obama had spoken of installing in an oversight position.  Instead, Rattner was added to a panel of 14 that is overseeing the <a href="http://www.nytimes.com/2009/04/06/business/06rattner.html?hpw">attempts at helping the auto industry recover</a>.  Some are calling Rattner the &#8220;car czar lite&#8221; because he&#8217;s communicating directly with the auto makers on how best to speed up their plans to overhaul the industry.</p>
<p>Rattner has a tough job, but he seems willing to give it his best effort.</p>
<p>&#8220;In the fall, as the economic crisis intensified, it became clearer and clearer to me that this was a moment of historic importance,” Mr. Rattner said, “and if one was ever to have an interest in serving your country in the area of economic policy, this was the moment.&#8221;</p>
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		<title>US Auto Sales Expected To Recover By 2009</title>
		<link>http://www.autoknight.net/us-auto-sales-expected-to-recover-by-2009/</link>
		<comments>http://www.autoknight.net/us-auto-sales-expected-to-recover-by-2009/#comments</comments>
		<pubDate>Fri, 04 Apr 2008 12:58:31 +0000</pubDate>
		<dc:creator>Darren</dc:creator>
				<category><![CDATA[Auto Industry News]]></category>
		<category><![CDATA[auto industry]]></category>

		<guid isPermaLink="false">http://www.autoknight.net/?p=11</guid>
		<description><![CDATA[US Auto sales have been in the dump due to the ongoing tough economic times the nation has been facing.  But analysts expect an upswing as early as next year.  Car and truck sales are expected to rebound as tax stimulus checks get to cash hungry car buyers.

Sales of cars and light trucks [...]]]></description>
			<content:encoded><![CDATA[<p>US Auto sales have been in the dump due to the ongoing tough economic times the nation has been facing.  But analysts expect an upswing as early as next year.  Car and truck sales are expected to <a rel="nofollow" href="http://www.bloomberg.com/apps/news?pid=20601101&#038;sid=asDHHwibzJgA&#038;refer=japan">rebound</a> as tax stimulus checks get to cash hungry car buyers.</p>
<blockquote><p>
Sales of cars and light trucks totaled 16.1 million in 2007, the lowest level in a decade, and automakers and analysts expect a further slide in 2008. Northville, Michigan-based CSM&#8217;s projection was part of a report prepared for auto executives.</p>
<p>Interest-rate cuts by the Federal Reserve and economic stimulus from U.S. tax rebates &#8220;will lay the groundwork for recovery&#8221; in the second half of the year, CSM said. Most of the increase between 2009 and 2014 will go to Toyota Motor Corp., Honda Motor Co., Nissan Motor Co. and Hyundai Motor Co., as sales shift to smaller vehicles, CSM said.</p>
<p>U.S. light-vehicle sales fell 12 percent last month as record gasoline prices and concern that the economy is in a recession kept customers away from showrooms. Ford Motor Co. said the second quarter may be the most difficult period for sales this year. </p></blockquote>
<p>The economy has been expanding at the lowest rate since the 2001 Recession.  </p>
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