PREVIEW-April U.S. auto sales seen weak, portends weak qtr

Newswire

By Soyoung Kim DETROIT, April 30 (Reuters) - Major automakers are expected to post sharply lower U.S. auto sales for April, deepening concerns of a further downturn sparked by record gas prices, tighter credit and eroding consumer confidence. Analysts expect April sales figures, set to be released on Thursday, to be an early indication of whether the U.S. auto market will bottom out in the current quarter and start to pick up in the latter half of 2008. "Each successive month this year ...

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