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Auto sales fall to five-year low as GM trims jobs
Auto dealers may be in the giving mood for holidays but overall U S car sales dropped 21 3 percent in November from a year ago to 608 204 units the lowest in five years GM down 21 8 percent to 36 625 Ford off 24 3 percent to 150 611 Chrysler down 2 6 percent to 53 733 Meanwhile American Motors and Volkswagen posted gains with VW up 150 4 percent as GM announced over 11 000 more furloughs totaling 45 560 industry wide over 110 000 analysts say the market mirrors the economy with inventories high and incentives unable to lift demand.
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Detroit
General Motors Corp
Ford Motor Co
Chrysler Corp
American Motors
Volkswagen of America
Volkswagen
Pennsylvania
Gordon B. Mackenzie
Ford
Chrysler