Business ; GM, Ford Cut Production After Poor Sales
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Business News, DETROIT, General Motors Corp. and Ford Motor Co. said on Wednesday 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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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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Despite a crop of new car models and a still-generous supply of rebates, sales fell for the Ford Motor Company and General Motors in November.
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GM and Ford sales fell in October as the two largest automakers cut incentives. Sales rose at Chrysler and Toyota, helped by new models.
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General Motors Corp. GM.N and Ford  Motor Co. F.N said on Wednesday they would cut production  more than expected after weak U.S. sales in November, a move  that analysts said could hurt profits.
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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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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.
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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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DETROIT - General Motors Corp. and Ford Motor Co...
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Ford Motor Co. on Friday announced sharp cuts in its North American production that would force it to partially shut down plants in the U.S. and Canada in the fourth quarter.
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Ford Motor posted weaker U.S. vehicle sales for August today and cut its fourth-quarter production. Chrysler posted a fifth straight month of stronger results.
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Ford Motor Co.  on Wednesday reported its sixth straight month of weaker vehicle sales, prompting the second-largest U.S. automaker to further cut production of cars and trucks, while Chrysler posted another sales gain.
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General Motors Corp. and Ford Motor Co. on Wednesday posted weaker US vehicle sales for October due to fewer blow-out incentives as inventories of older model 2004 vehicles declined.
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DETROIT - Ford Motor Co. posted weaker US vehicle sales for August Wednesday and cut its fourth-quarter production, while its rival Chrysler posted a fifth straight month of stronger results.
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General Motors Corp.  and Ford Motor Co.  on Tuesday said U.S. sales declined in February as they pulled back on discounted sales to daily rental companies.
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General Motors Corp. and Ford Motor Co. said on Tuesday their U.S. sales declined in February as they pulled back on discounted sales to daily rental companies.
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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.