UPDATE 1-INTERVIEW-AutoNation cuts new vehicle orders again

Newswire

By Poornima Gupta DETROIT, Jan 29 (Reuters) - AutoNation Inc has cut orders for new vehicles from automakers by 60 percent in February as it expects U.S. auto sales to hover around 10 million units annually until credit improves, Chief Executive Mike Jackson said on Thursday. The reduction in orders follows the decision by the largest car dealership group to scale back new vehicle purchases by 60 percent in January. "Our reduction in orders are across the board," Jackson told Reuters ...

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