Grim Start to U.S. Auto Sales Stirs Alarm

Oct.02 — The global economy is sounding alarm bells as a wave of data show manufacturing stuck in a slump. Exports are falling and sentiment is sliding. The U.S. failed to defy the factory gloom facing China and Europe. U.S. auto sales look equally grim. Nissan’s 18% drop led declines among the major companies reporting. Toyota and Honda though didn’t fare much better. The severity of the slide stokes fears that a long-anticipated car sales collapse may be arriving. Bloomberg’s Benedikt Kammel reports on “Bloomberg Markets: European Open.”