But lower sales aren't really the biggest 'profit' problem. Instead, it's the discounts they're all offering on new cars. Art Spinella is the president of CNW Marketing Research. DaimlerChrysler, meanwhile, has already said it will have close to a 900 million dollars loss for the quarter because of problems at Chrylser and Mitsubishi. I'm Bill Poorman for Marketplace.
Major developments are underway in the South African trial challenging prices for Aids drugs.
It appears the drug the industry has decided to settle the case it brought to defend its patents on AIDS drugs and supply those drugs at rock-bottom prices. There are reports that 37 of the 39 firms involved in the suit have dropped out and the drug industry is planning a news conference in Pretoria tomorrow where it is expected the deal will be explained. Clearly the reputation of the industry is the lowest it could possibly be. Oxfam's David Earnshaw says he knows. In other words go from a Chanel strategy or a Gucci strategy towards a Walmart strategy.