Your reaction is the same as mine. I talked with a number of friends in the car biz over the last week and they all say their inventories are very high and sales are still slow and at minimal profits.
Both GM and Ford seem to agree, but personally I think they are either wrong or fibbing.
The fed at work: Lets call out our next CEO to say he "hopes things will" or "things could be" better in the 2nd half. Let him stretch the truth, it really isn't lying. We will give him a big tax break for his effort. Meanwhile people are getting canned and he really doesn't know who will be buying his cars. Maybe get a few more GM customers who would otherwise buy foreign since dollar has collapsed.
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