Detroit Slips in January as Market Share Declines
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General Motors, Ford and Chrysler Group held just 50.6 percent of auto sales in the U.S. last month, their lowest ever.
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Ford Motor Co.'s  retail sales  of cars and light trucks fell 7 percent in November from a year  earlier, the automaker's sales manager said on Friday.
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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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Orders to U.S. factories posted a weaker-than-expected gain in April as declines in demand for cars, planes and boats offset strength in business investment.
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Ford Motor Co. saw its sales continue to decline in November, despite the introduction of new vehicles. The automaker said it would reduce production for the first quarter.
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Ford fell behind Toyota for the second time in five months while DetroitÂs two other automakers posted gains.
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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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US retail sales fell 0.3 percent in January on slower auto sales, but were up 0.6 percent excluding the automobile sector, the Commerce Department said.
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The average incentive on cars and trucks sold in the United States fell by nearly 11 percent in October from September as automakers ramped up inventories of new 2005 model year vehicles with fewer discounts, an industry tracking group
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The nation's manufacturing sector contracted in January, surprising many economists and signaling a shaky start to the new year for industry amid weakness in housing and autos.
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The economy lost momentum heading into the new year as shoppers tightened their belts and manufacturers were stung by weak demand for cars and housing-related goods.
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Ford Motor Co., which is just unveiling a wave of new sedans, reported today that sales of its cars and light trucks declined 5 percent in October compared with the same month a year ago.
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The number 1 U.S. automaker slides as investors anticipate December sales results to be weak.
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DETROIT -- The cash rebates and financing deals that Detroit's Big Three automakers have used to drive business in recent years are diminishing the value of their vehicles in the eyes of consumers, a new quarterly survey of customer satisfaction indicates.
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Ford Motor Co  on Thursday posted  a 9 percent decline in U.S. sales for December.
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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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Ford Motor Co  on Thursday posted a 9 percent decline in U.S. sales for December.