NEW YORK – A U.S. auto industry turnaround won’t happen until at least first-quarter 2009, predicts James Press, vice chairman and president of Chrysler LLC. Press tells the media and financial analysts at a conference here held by the Levin Institute that February is shaping up as a tough month. “The rest of the year is going to be below the trend,” he says. “It’s only wishful thinking that the second half will be better. Once we get through the (presidential) election, maybe there ...

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