RESEARCH ALERT-Wachovia sees Jan sales decline at US automakers


Jan 28 (Reuters) - Wachovia said it expects significant sales decline in January at the three Detroit automakers, with sales at General Motors Corp estimated to fall as much as 40 percent versus the prior year. In a note to clients, analyst Richard Kwas said he expects January sales at Ford Motor Co and Chrysler LLC [CBS.UL] to fall 33 percent and 48 percent, respectively. According to the analyst, the recent re-emergence of GMAC and Chrysler Financial in auto lending, has been of little ...

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