Subprime may affect auto industry
Nov 21 - The subprime crisis could spill over into the automotive industry.
That's according to Klaus Pflum, Head of automotive, industrials and materials at Nomura International, who was speaking at the Reuters Auto Summit in Frankfurt on Wednesday. He warns there is a chance this could happen in the North American market, where traditionally cars have been paid for by leasing.
Interviewer: Mike Shields
Speaker: Klaus Pflum
Head of Automotive, Industrials and Materials, Nomura International
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