Honda's top U.S. executive said Friday the Federal Reserve should cut interest rates to help invigorate the economy. John Mendel, executive vice president of automobile operations, also predicted that the U.S. auto market will stabilize around 16 million vehicles sold this year because of government and other actions to shore up the troubled housing industry.

This entry was posted on Friday, August 31st, 2007 at 11:06 am and is filed under Misc. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.