Showing posts with label Car Industry. Show all posts
Showing posts with label Car Industry. Show all posts

Thursday, September 2, 2010

Worst August for U.S. auto sales since 1983

Auto sales were slow, but particularly slow for the US auto makers
Auto sales are better this year than in 2009 but much weaker than they were before the recession. In response, Ford on Wednesday cut its fourth-quarter production plans by 4,000 vehicles.
 Also
At Toyota, sales plunged 34 percent compared with last August and 12 percent from July. The poor comparison to last August was expected because Cash for Clunkers helped smaller Toyota cars like the Corolla and Camry sedans.

Wednesday, September 1, 2010

It looks like Cash for Clunkers didn't have a lasting affect

From Market Market Here

slumped 24.9% to 185,176 vehicles from 246,479 in August 2009. "Last year's Cash for Clunkers program spiked industry sales in 2009, so results this August were not surprisingly a bit mixed," 

Exit Question: How long can GM make it without major pension reform of it's employees?