GM, Ford U.S. Sales Fall, Industry Up
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General Motors Corp. GM.N and Ford  Motor Co. F.N 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  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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General Motors Corp. and Ford Motor Co. said yesterday they would cut production more than expected after weak US sales in November, a move that analysts said could hurt profits.
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Lower sales may aid GM and Ford's return to profitability.
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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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General Motors Corp. (GM.N: Quote, Profile, Research) and Ford Motor Co. (FN: Quote, Profile, Research) launched new US sales incentives on Friday as both automakers struggle with falling
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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. said yesterday its US light vehicle sales plunged 21.3 percent in June, while Toyota Motor Corp. reported its vehicle sales jumped 10.2 percent.
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General Motors Corp  posted a 5-percent gain in U.S. sales for August on Tuesday, bucking a downtrend for the embattled industry linked to a weaker housing market and a shakeout in subprime lending.
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General Motors Corp. and Ford Motor Co.  lost more than a sixth of their combined U.S. sales in January, and Toyota Motor Corp. extended its 20-month winning streak and claimed the No. 2 spot in the U.S. market.
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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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General Motors Corp.  said on  Thursday that U.S. sales fell in May, driven by a big slump in  car sales, which offset a slight increase in demand for its new  line of sport utility vehicles.
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Sales of GM and Ford cars in the US dropped during August as the industry was hit by a number of factors.
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U.S. sales for General Motors Corp.   and Ford Motor Co. were stuck in the slow lane in  May, hurt by gas prices and soft demand for large sport utility  vehicles, even as Japanese rivals raced ahead, analysts said on  Tuesday.
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U.S. auto sales have been slipping as   domestic automakers have struggled to boost sales amid high gas   prices this year -- a trend that will continue into next year,   industry executives and analysts said.
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DETROIT -- Toyota reported a 17 percent rise in its US sales in August, while GM sales increased 3.9 percent from a year ago as the companies said buyers looked to more fuel-efficient offerings. But Ford's sales dropped 11.6 percent and sales by Honda and DaimlerChrysler each fell 3.2 percent.
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Major automakers reported lower U.S.  sales for December led by a 9 percent slide at Ford Motor Co as  the industry closed out its weakest year in over a decade and  faced the prospect of deeper declines in 2008.