Detroit's Big 3 expect tough year for auto sales
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U.S. auto sales will likely fall again in 2008 due to economic stress on consumers, raising pressure on struggling Detroit automakers to cut prices or use sales incentives, economists and officials said on Tuesday.
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U.S. automakers, coming off a year of record concessions from labor unions, should be facing 2008 with a new lease on life as they fight Asian and European importers who now control more than half of the U.S. market.
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Detroit automakersâ share of the American car market fell to a record low in June, foreshadowing another summer of deep discounts, cheap car loans and deals on leases.
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U.S. auto sales are likely to post a razor-thin increase this year compared to 2004, when they had their fourth-highest annual total on record, an economist who closely monitors the automotive industry said on Sunday.
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Major automakers posted mixed U.S.  sales for August on Tuesday, as executives cautioned the  embattled industry was facing reverberations from a weaker  housing market and the shakeout in subprime lending.
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Long a symbol of power for American car companies, the V-8 engine is sputtering as Detroitâs Big Three promote smaller engines and alternative-fuel vehicles.
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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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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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CHICAGO _ Toyota will sell more vehicles in the United States than DaimlerChrysler by 2009 to join General Motors and Ford in a new-look Big Three, a leading industry forecaster predicts.
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A Detroit outsider faces an industry slump and a tough economy.
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The Auburn Hills-based Chrysler Group did something crosstown rivals General Motors Corp. and Ford Motor Co. could not do during the third quarter of the year: It made money selling cars and trucks.
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Asian brands push Ford, DaimlerChrysler and GM to offer greater incentives and come out with new styles. By John Porretto. DETROIT -- Most veteran forecasters say they expect a familiar sales trend in the US
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DETROIT -- New car and truck sales rose more than two per cent during the first 10 months of 2004, but many of the companies that supply parts to the big automakers have little to celebrate -- their profits are shrinking as raw materials costs rise and
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The auto parts retailer turns to profitability but sees key sales effort fall below last year.
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After a tough year, Detroit's troubled carmaker is back -- thanks to a maverick designer and a car that is dazzling the hip-hop crowd
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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, Chrysler and the three largest Japanese automakers said yesterday that U.S. sales fell in January, but General Motors reported a surprise gain.