U.S. Auto Sales Wobble; GM Plunges
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GM on Tuesday posted a 24 percent decline in June sales, as U.S. automakers lost share and overall monthly sales sputtered in the face of high fuel prices and a weak housing market.
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DETROIT -- Ford Motor Co.'s U.S. auto sales fell 3.9 percent in January, even when compared with a weak performance a year ago, while Nissan Motor Co. sales dropped 7.3 percent.
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General Motors Corp. GM.N on Thursday  led a late-day rally in auto stocks, one day after the world's  largest automaker posted dismal U.S. sales results for August  and cut vehicle production.
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General Motors Corp. posted an  unexpected monthly sales rise on Thursday and Japan's Toyota  Motor Co. made further market inroads as February U.S. auto  sales avoided the slump most analysts had predicted.
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Housing woes and high gas prices likely combined to send U.S. auto sales to a weak finish in December, capping the industry's worst sales year in a decade and increasing pressure on U.S. automakers to cut production further, analysts said on Wednesday.
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General Motors Corp.  on Monday  said its U.S. sales fell 25.9 percent in June, a sharp decline  from last year&#039;s incentive-boosted numbers and in line with the  automaker&#039;s cautionary forecast.
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U.S. retail sales posted a  larger-than-expected decline in August, a Commerce Department  report on Tuesday showed, but the drop was mostly confined to  the automotive sector.
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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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U.S. stocks slipped on Friday after employment data renewed worries about slower economic growth, while shares of automaker General Motors Corp.  sank on fears a major shareholder may begin selling his stake.
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Automakers including General Motors Corp. said US sales fell in August as gasoline prices near records hurt demand. General Motors and Ford Motor Co.
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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.
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TOKYO/DETROIT  - General Motors Corp.  on Tuesday posted a steeper-than-expected 24 percent drop in U.S. sales in June as local automakers lost share to Toyota Motor Corp.  and other Japanese brands, and demand sputtered overall in the face of high gas prices and a weak housing market.
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U.S. car and truck sales likely slowed  in October from incentive-driven, surprisingly strong levels in  September, and Detroit automakers look set to take most of the  fall.
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The number 1 U.S. automaker slides on 5.2% reduction in December sales.
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Lagging sales and lower-to-flat net vehicle pricing has General Motors Corp. searching for ways to trim costs, but the world&#39;s largest automaker doesn&#39;t expect drastic operational changes
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General Motors Corp.  on Tuesday posted a 6 percent drop in U.S. vehicle sales for December, ending a year when it lost more than 1 percentage point of U.S. market share.
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DETROIT -- Ford's U.S. sales fell 8.1 percent in June and DaimlerChrysler slipped 1.8 percent while Nissan's U.S. sales rose 22.7 percent from a year ago, the automakers said Tuesday.