DETROIT, July 24- U.S. auto sales in July will be the strongest for the month since 2006, and rise 9 percent from last year, automotive industry consultants J.D. Power and LMC Automotive predicted on Thursday. Consumers were expected to spend about $36 billion on new vehicles in July, said John Humphrey, senior vice president at J.D. Power.» Read More
"We want to know how many inside General Motors knew about this lie," an attorney on the case says.
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Where the automobile industry is going next, with RBC Capital analysts Joseph Spak, Amit Daryanani, and Matthew Hedberg.
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A swift recovery in demand is unlikely because in April carmakers still had orders they had to meet from previous months, but the effects of such backorders are likely to wane, said Yoshitaka Hayashi, a director of the Japan Automobile Dealers Association.