GM Sets Weaker Earnings Outlook in 2005
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General Motors Corp. GM.N said on  Thursday that it expects earnings this year to fall, due in  part to weaker profits from its financial services arm.
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General Motors Corp  said on Thursday its U.S vehicle sales fell 5.2 percent in December as consumer demand softened amid a weak housing market and higher gas prices.
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Ford Motor Co. expects lower earnings in 2005 because of a drop in profits at its financial services arm, which contributed heavily to 2004 results, but the nation's second-largest automaker predicts robust growth from its automotive businesses. Its shares rose nearly 2 percent.
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General Motors Corp  said on Thursday it sees significantly improved operating earnings and cash flow in the next two to three years, but expects high fuel prices and declining consumer confidence to be a drag on U.S. sales this year.
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General Motors Corp.  swung to a profit in the fourth quarter but fell short of Wall Street expectations on mounting mortgage losses from its former finance unit.
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General Motors Corp  Chief Executive Rick Wagoner said on Thursday that the No. 1 U.S. automaker expects overall U.S. auto sales to hold roughly flat in 2008 with the depressed levels of 2007 even as global sales hit a new high.
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General Motors Corp. GM.N on Tuesday  posted a marginal gain in January U.S. vehicle sales, while  Ford Motor Co. F.N reported a moderate drop, and both U.S.  automakers said they would trim production further.
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General Motors Corp. GM.N Chief  Executive Rick Wagoner said on Friday the automaker's U.S.  sales would fail to match last December's strong levels.
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The number 1 U.S. automaker slides as investors anticipate December sales results to be weak.
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U.S. automakers were expected to report on Thursday that sales finished 2007 weakly, hurt by the housing slump and high gasoline prices, and the resulting worst sales year in a decade for the industry was seen as likely to increase pressure for further production cuts.
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The General Motors Corporation said Thursday that high fuel prices and declining consumer confidence would be a drag on sales this year in the United States.
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General Motors Corp.  Chief Executive Rick Wagoner said on Friday the automaker's U.S. sales would fail to match last December's strong levels.
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General Motors Corp.  and Ford Motor Co.  posted weaker U.S. sales for August on Wednesday and both cut planned fourth-quarter production as their aging vehicle lineups lost ground to rival Chrysler and some foreign brands.
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DETROIT  - General Motors Corp. is forecast to post a healthy profit when it reports third-quarter earnings Thursday, but European business continues to falter and another severe overseas overhaul is likely.
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General Motors Corp.'s third-quarter earnings rose 3.5 percent, but the company's automotive business lost $130 million primarily because of heavy losses in Europe and lower production and intense pricing pressure in North America.
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General Motors reported third-quarter earnings that were well below Wall Street's expectations, including a loss in its North American automotive business.
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General Motors Corp. GM.N posted a 7  percent drop in U.S. vehicle sales for August, and set its  fourth-quarter North American car and truck production 6.8  percent lower, the automaker said on Wednesday.