DETROIT (Reuters) - Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz) does not expect U.S. auto sales to rebound until late next year or perhaps 2010, its top executive said on Monday.
"We think we're going to be relatively flat through 2009 and we don't see the start of a recovery ... until the latter half of '09 and '10, which is pretty much consensus among economists," Chief Executive Alan Mulally told the Reuters Autos Summit in Detroit. "And that's basically moved out a year, year and a half from what everybody thought about four or five months ago.
(For summit blog: summitnotebook.reuters.com/)
(Reporting by Scott Malone, editing by Gerald E. McCormick)
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