Thu, Jul 13, 2006 - Page 11 News List

Automakers face bleak prospects

LACKLUSTER With the `Ghost Month' approaching and a continuing tight credit environment, industry insiders forecast a slow second half for the nation's automakers

By Jason Tan  /  STAFF REPORTER

There are still some incentives for investors though.

“We expect dividends from the auto makers to remain relatively high, this

should provide downside support. This is particularly true for auto

distributors as opposed to auto manufacturers, and we prefer the former,”

Macquarie said.

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