Ford, GM Sales Drop; Both Cut Production
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General Motors Corp. and Ford Motor Co. reported disappointing U.S. sales Wednesday, prompting the nation's two largest automakers to cut planned vehicle production in the fourth quarter, which could hurt profits.
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Lower sales may aid GM and Ford's return to profitability.
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Ford Motor Co. posted its fourth consecutive month of weaker U.S. sales with a 7 percent drop in September results on Friday, and the automaker doubled its incentives on some models to kick-start sales this month.
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General Motors Corp. (GM.N: Quote, Profile, Research) and Ford Motor Co. (FN: Quote, Profile, Research) on said on Wednesday they will cut production more than expected
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General Motors Corp.  and Ford Motor Co.  launched new U.S. sales incentives on Friday as both automakers struggle with falling market share and high inventories of unsold vehicles.
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General Motors Corp. and Ford Motor Co. this week reported disappointing US sales for August, prompting the nation&#39;s two largest automakers to cut planned vehicle production in the fourth quarter, which could hurt profits.
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Ford Motor Co.  dropped from  second to fourth in the U.S. auto market in November as its  sales slid by 10 percent, while Toyota Motor Corp.'s (7203.T)  sales surged 16 percent to put it in the No. 2 spot.
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Sales by Detroitâs two largest automakers fell as they focused on more profitable transactions at dealerships.
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Struggling US carmakers Ford and General Motors both see another sharp drop in monthly US sales.
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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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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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General Motors Corp. GM.N and Ford  Motor Co. F.N on Tuesday posted disappointing U.S. vehicle  sales for January, and both said they would trim production  further.
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General Motors Corp. and Ford Motor Co. reported disappointing US sales Wednesday, prompting the nation&#39;s two largest automakers to cut planned vehicle production in the fourth quarter, which could hurt profits.
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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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Ford Motor Co.  reported on Friday a decline in monthly U.S. auto sales and slashed its North American production forecasts yet again.
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Ford Motor Co. (FN: Quote, Profile, Research) posted its fourth consecutive month of weaker US sales with a 7 percent drop in September results on Friday, and the automaker
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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.