Audio – The hits just keep on coming in 2008!

September 15, 2008

henderson2.jpgIt’s not like 2008 has been a dance around the maypole.

Fritz Henderson, chief operating officer of General Motors Co, said on Monday at the Reuters Autos Summit that the events of this past weekend — with the collapse of Lehman Brothers and sale of Merrill Lynch are just another things making a tough year worse for struggling U.S. automakers.

Now, as some companies need to raise cash to survive, they are facing a marketplace that doesn’t look too favorably on anything below triple-A.

Henderson, one of the featured guests on the first day of this year’s summit, said he found the massive tectonic U.S. economic shifts of the past weekend “more than a little sad.”

Henderson was one of the featured guests at this year’s summit, whch runs through Thursday in Detroit.

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