RPT-GM CEO says consumers holding up despite turbulence

Newswire

ROYAL OAK, Mich Aug 17 (Reuters) - The top executive at General Motors Corp said on Friday that U.S. consumers appeared to be holding up well despite the recent credit crisis that roiled world markets and prompted the U.S. central bank to cut rates. Rick Wagoner, the automaker's chief executive, also said that the crisis hadn't had any big impact on auto sales. He said pickup sales so far this month were doing "better" but that the overall market remains tough. Wagoner said that ResCap, ...

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