Rental Car Retreat Cuts Sales at Ford and G.M.
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Sales by Detroitâs two largest automakers fell as they focused on more profitable transactions at dealerships.
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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 Thursday said U.S. February vehicle sales fell 13 percent from a year earlier because of planned reduction of sales to daily-rental companies.
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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's car and truck business sales fell nearly 7 percent in September from a year ago.
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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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Despite more aggressive discounts, Ford  Motor Co.  and Chrysler Group on Tuesday reported lower  U.S. sales for June, underscoring the drag on the U.S. auto  industry from high gas prices, fierce competition and a weak  housing market.
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LUXURY carmaker Jaguar is slashing production levels for the rest of this year by 11% to make up for a shortfall in sales. The Ford-owned car marque is bringing in the cuts - a reduction of 15,000 cars - as
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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.
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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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General Motors Corp. GM.N and Ford  Motor Co. F.N 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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General Motors Corp.  on Tuesday posted a steeper-than-anticipated 24 percent drop in June sales, as U.S. automakers lost share and overall vehicle sales sputtered in the face of high gas prices and a weak housing market.
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Ford Motor Co.  on Thursday posted  an unexpected second-quarter loss as sales of sport utility  vehicles, its most profitable models, slumped on higher U.S.  gasoline prices and it took charges for employee buyouts.
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Ford Motor Co.  on Tuesday said  U.S. sales fell 8.1 percent in June, as a big decline in car  sales more than offset a slight rise in truck sales.
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The Ford-owned carmaker is to cut production at its three UK plants by 11% because of poor sales in the US.
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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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Chrysler LLC said on Tuesday its U.S.  sales fell 6 percent in August as the automaker cut back on  sales to daily rental companies.