PREVIEW-U.S. May auto sales seen down near decade lows

Newswire

By Soyoung Kim DETROIT, May 30 (Reuters) - Major automakers are expected to post steep declines in U.S. sales for May, as the spike in gasoline prices battered an industry already reeling from weak consumer confidence and tighter credit. Weak U.S. sales in May would add to growing concerns that the world's largest market for vehicles is headed for a deeper downturn this year, with only limited gains to come in 2009. Ford Motor Co warned last week that it no longer expected to turn a ...

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