10-02-2008, 11:29 AM
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#4
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Moderator.ca
Drives: 05 Grand Am GT
Join Date: Jul 2007
Location: Niagara, Canada
Posts: 25,366
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Beautiful isn't it?
Quote:
GM, down 16%...but beats forecasts
General Motors (GM, Fortune 500) reported that sales of cars and light trucks dropped 16% from a year ago. That was better than the forecast of a 24% decline from sales tracker Edmunds.com but it was still clearly a sign of weaken demand.
Still GM executives said they were pleased with the results.
"September marked the second consecutive month where GM performed extremely well in tough market conditions," said Mark LaNeve, the GM vice president in charge of North American sales.
Sales of GM's cars fell 10% while sales of light trucks - such as pickups, SUVs and vans - declined 19%.
More pain at Toyota
Toyota Motor (TM) reported that its sales toppled 32% from a year earlier. The forecast was for an overall drop of only 18%. It was the sharpest percentage drop in U.S. sales for the Japanese automaker in 21 years.
Sales of cars dropped 28% and light truck sales plunged 38%.
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Note, if I've gotten any facts wrong in the above, just ignore any points I made with them
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Originally Posted by FbodFather My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors......
........and HE WOULD KNOW!!!!
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