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Article: Allied Holdings, Inc. Results to Be Impacted by Auto Industry Slowdown.
- Article from:
- PR Newswire
- Article date:
- December 7, 2000
CopyrightCOPYRIGHT 2000 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DECATUR, Ga., Dec. 7 /PRNewswire/ --
Allied Holdings, Inc. (NYSE: AHI) acknowledged today that rapidly deteriorating market conditions in the automotive industry will dramatically impact the company's fourth quarter and full year expected earnings. Allied Automotive Group, an Allied Holdings, Inc. subsidiary, is the largest company in North America specializing in the delivery of new and used vehicles.
Last week, major automobile producers announced that November sales were lower due to a softening economy. Several manufacturers announced plans to substantially reduce vehicle inventory by cutting production schedules or extending plant shutdowns at ...