auto sales

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Toyota Poised to Overtake GM
Toyota Poised to Overtake GM

Toyota Poised to Overtake GM

Plans to build 9.95 million vehicles, widen lead as largest automaker

(Newser) - Toyota, the most profitable automaker in the world, says it will increase production by 5% to a record 9.95 million vehicles in 2008, opening up a lead over General Motors, Reuters reports. Toyota, which sold 9.36 million vehicles in 2007, also expects sales to increase 5% in 2008...

Nov. Sales Languish for Big 3
Nov. Sales Languish for Big 3

Nov. Sales Languish for Big 3

Ford and GM announce production cuts as US sales slump continues

(Newser) - Ford and GM will join Chrysler in cutting production in early 2008, reports the Wall Street Journal today, following sluggish November sales and anticipated weak demand driven by continued economic fallout. Only Ford saw a modest 0.6% improvement in US sales last month, while GM sales were down 11%...

August Retail Sales Fail to Meet Forecasts

Gain of .3% drops to .4% loss if auto sales are excluded

(Newser) - Retail sales were up last month, but the .3% rise failed to meet expectations, and if automobile sales are excluded, sales actually fell by .4%—the steepest drop in a year. The August sales figures provide more fodder for an interest-rate cut when the Fed meets next week. “The...

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