GM, Ford Cut Output After Weak Sales
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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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Ford Motor Co. on Tuesday capped 2004 with its seventh straight month of weaker sales, despite a crop of new vehicles and hefty incentives, while Japan's Nissan Motor Co Ltd. posted another sales gain.
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DETROIT - Ford Motor Co. posted weaker US vehicle sales for August Wednesday and cut its fourth-quarter production, while its rival Chrysler posted a fifth straight month of stronger results.
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Higher gas prices cut into demand for  sport utility vehicles and trucks in May, depressing U.S.  market share for the Big Three Detroit-based automakers and  prompting production cuts at General Motors Corp. and Ford  Motor Co.
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DETROIT General Motors and Ford Motor have announced that they plan to cut car and truck production in the fourth quarter by as much as 7 percent because vehicles are piling up unsold in inventory.
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Ford Motor, Chrysler and the three largest Japanese automakers said yesterday that U.S. sales fell in January, but General Motors reported a surprise gain.
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General Motors Corp. and Ford Motor Co. continued to lose market share during November as overall sales of new cars and trucks dropped nearly three percent.
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General Motors Corp.  and Ford Motor Co.  on Tuesday capped 2004 with another month of weaker sales, but a stronger performance by top foreign automakers pushed results to their highest levels since the record month of October 2001.
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General Motors Corp. and Ford Motor Co. on Wednesday posted weaker US vehicle sales for October due to fewer blow-out incentives as inventories of older model 2004 vehicles declined.
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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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SAN FRANCISCO (CBS.MW) - Shares of leading automakers closed on a positive note Thursday, one day after General Motors and Ford Motor posted soggy sales results for August and announced plans to scale back production.
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General Motors and Ford Motor, the nation&#39;s two largest automakers, both said demand for new vehicles last month was off 5 percent from a year ago, even as Japanese competitors
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Shares in automakers General Motors Corp  and Ford Motor Co  slid in early trade on Wednesday after Bear Stearns downgraded both companies citing concerns over weakening consumer purchasing power.
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General Motors Corp.  and Ford Motor Co.  are expected to announce further cuts in vehicle production levels this week as they move to trim inventories of unsold cars and trucks following weak sales, 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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DETROIT Despite a crop of new car models and a generous supply of rebates, sales fell for Ford Motor and General Motors in November.
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Ford Motor Co.  posted lower May  sales on Friday, while rivals Nissan Motor Co. and Chrysler  Group eked out small gains amid high gas prices and concerns  about U.S. consumer confidence.