PREVIEW-April US auto sales seen down, to test survival

Newswire

* What: April U.S. auto sales * When: May 1 starting at noon ET * Median forecast: 9.8 mln unit annualized sales rate * Sales to test U.S. automakers' turnaround plans By Soyoung Kim DETROIT, April 29 (Reuters) - U.S. auto sales likely plunged to their lowest levels in nearly 30 years in April, tightening the financial vise on General Motors Corp and Chrysler as they try to restructure. Detroit and Japan's automakers are expected to post sharp U.S. sales declines of at least 30 ...

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