Thursday, November 20, 2008

Los Angeles auto show

From the New York Times:

ACROSS the United States, the inventory of unsold new vehicles accumulating at dealerships and on storage lots topped three million earlier this month. More cars and trucks arrive each week by the thousands in container ships, glutting the docks at the ports of Los Angeles and Long Beach, just 23 miles from the convention center here.
That bloated inventory — a record, said Mary Raetz, assistant managing editor for data services at Automotive News, an industry weekly — was no doubt on the minds of auto executives last week at previews of the Los Angeles auto show. Yet there were even more introductions of even more models here at the unofficial kickoff of the 2009 auto show season.

Full story: http://www.nytimes.com/2008/11/23/automobiles/autoshow/23SHOW.html?8dpc

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