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September 5, 2008 11:08:35 PM CDT

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Nov. Sales Languish for Big 3

Posted Dec 4, 07 8:35 AM CST in Business 

(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% and Chrysler 2%.

GM said it would trim output 11% from a year ago, Ford 7.4%. Next year, the Big Three will produce fewer than 16 million vehicles for the first time in a decade, experts say, as they struggle to right their businesses while facing changing consumer tastes and foreign competition—both Honda and Toyota posted record sales last month.

Source Wall Street Journal

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A row of unsold 2008 Jeep Wranglers sit at a Chrysler/Jeep dealership in the southeast Denver suburb of Centennial, Colo., Sunday, Nov. 4, 2007.   (Associated Press)
A sign promoting a discounted interest rate is seen on the windshield of an unsold 2007 Ford F-150 pickup truck at a Ford dealership in the southeast Denver suburb of Centennial, Colo., Sunday, Nov. 4,...   (Associated Press)
An unsold 2008 Ford Edge crossover vehicle, left, and a 2008 F-150 pickup truck sit on display at a Ford dealership in the west Denver suburb of Lakewood, Colo., Sunday, Nov. 18, 2007.   (Associated Press)
The Toyota company sign stands over a long row of unsold 2008 Tundra pickup trucks at a Toyota dealership in the southeast Denver suburb of Centennial, Colo., on Sunday, Nov. 4, 2007.   (Associated Press)
Special prices are placed on the windshields of a long row of unsold 2007 Ford Freestyles outside a Ford dealership in the west Denver suburb of Lakewood, Colo., Sunday, Nov. 18, 2007.   (Associated Press)
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auto industry  • General Motors  • Ford  • Chrysler  • Toyota  • auto sales  • Honda  • automaker


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