WBFO, August 10, 2009, Monday

WBFO

August 10, 2009, Monday

WBFO (audio link)

Area Auto Analyst Sees Better Times for Industry

Mark Scott (2009-08-10)

BUFFALO, NY (WBFO) - After more than a year of negative headlines about the automotive industry, it now appears the worst may be over. Both GM and Toyota are sending messages that better times are ahead.

Top officials at General Motors say the company can become profitable sooner than many people think as it attempts to respond to market changes faster. And Toyota's management predict a return to profitability after a period of losses and slow sales for what is now the world's biggest automaker.

Arthur Wheaton is an auto industry expert from Cornell University's School of Industrial and Labor Relations in Buffalo. He joins us on the phone to talk more about what the immediate future holds.

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