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Jackson urges interest rate cut; AutoNation CEO says housing slump is hurting auto sales.

Publication: Automotive News
Publication Date: 30-JUL-07
Format: Online
Delivery: Immediate Online Access
Full Article Title: Jackson urges interest rate cut; AutoNation CEO says housing slump is hurting auto sales.(News)

Article Excerpt
Byline: Jim Henry

The CEO of the nation's largest auto dealership group called on the Federal Reserve to cut interest rates in response to "extreme economic distress.''

Mike Jackson, CEO of AutoNation Inc., said last week that business conditions have created "one of the toughest environments I've ever seen.''...

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