The six largest automakers each report U.S. sales declines of more than 30 percent in December, including a 53 percent plunge for Chrysler, as the industry closed out its worst sales year since 1992.
The Detroit auto show press preview begins, with none of the usual optimism and theatrics; Nissan is noticeably absent, and Chrysler's stand merely consists of its cars parked on beige carpeting.
GM forecasts U.S. vehicle sales of 10.5 million in 2009, a number it had labeled the worst-case scenario in a turnaround plan submitted to Congress; the Detroit 3 say they will pull out of the 2009 Tokyo Motor Show.
Chrysler Financial gets a $1.5 billion U.S. government loan.
AutoNation says it is cutting new-vehicle orders by 60 percent for the next three months.