Sales slide adds to Ford pressure
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Ford's US sales fall 10%, adding to the pressure on the carmaker but rival General Motors enjoys a rise in sales.
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Despite a strong profit outlook from Ford Motor Co., shares of automotive stocks moved mostly lower Friday on concerns sales for the industry might not be as strong as previously expected.
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Ford said it was hurt by a decline in showroom sales. G.M., meanwhile, said its domestic sales rose more than 5 percent and Nissan posted a 6.3 percent increase in U.S. sales.
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Sales at Ford fell for the seventh consecutive month while General Motors gained market share but announced that it would cut production 12 percent in the fourth quarter.
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U.S. auto sales have been slipping as  domestic automakers have struggled to boost sales amid high gas  prices this year -- a trend that will continue into next year,  industry executives and analysts said.
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Ford Motor Co. said Wednesday that US sales fell 4.3 percent in November as car sales continued to decline and truck sales edged lower despite the continued popularity of its F-Series truck.
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Sales of GM and Ford cars in the US dropped during August as the industry was hit by a number of factors.
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Ford Motor Co. swung to a third-quarter profit, but losses at the automakerâs global automotive operations widened, underscoring the difficulty Ford still faces
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GM and Ford sales fell in October as the two largest automakers cut incentives. Sales rose at Chrysler and Toyota, helped by new models.
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Cruising along the ever-stretching road of decline. Auto giant Ford Motor (nyse: F - news - people ) reported vehicle sales in October that fell 5% from a year ago.
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Struggling car giant Ford expects to post a 20% drop in January US sales, but insists its turnaround is still on track.
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Struggling carmaker Ford reports yet another sharp drop in US sales as it continues to fail to win over buyers.
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Ford Motor Co.  said on Friday  U.S. May vehicle sales fell 6.8 percent from a year earlier as  higher gas prices and a weaker housing market hurt consumer  demand and the automaker cut back on fleet sales.
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Ford Motor Co. posted its fourth consecutive month of weaker U.S. sales with a 7 percent drop in September results on Friday, and the automaker doubled its incentives on some models to kick-start sales this month.
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Ford Motor Co.  on Thursday said  it was trying to sell its Aston Martin luxury unit to free up  funds to invest in its other brands amid a sharp downturn in  sales.
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SAN FRANCISCO (CBS.MW) - Ford Motor on Wednesday was the first of the major automakers to turn in October US sales results, reporting that unit sales slipped 5 percent.
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Chrysler Group and Ford Motor Co.   on Tuesday reported steep declines in July vehicle sales, a  drop expected to cost both U.S. automakers share in a weaker  market overshadowed by concerns about fuel efficiency and high  gasoline prices.