What's Hot? Some Guzzlers Among the Sippers

As US sales slide, GM looks overseas to unload gas-guzzler unit

(NEWSER) - There may soon be more Hummers heading to the Persian Gulf, this time as two Gulf Arab investors signal interest in buying GM's troubled brand of SUV—modeled on the military vehicle. Analysts have expected the gas-guzzler to be tough to unload, but low fuel prices, economic prosperity, and Hummer’s position as a status symbol in the Gulf have made it quite popular. More»

US giant's worldwide sales off 0.6% as overseas growth mitigates domestic dip

(NEWSER) - GM’s vehicle sales fell 0.6% in the first quarter, helping Toyota, on 2.7% growth, take the global sales lead, the Wall Street Journal reports. Toyota sold 2.41 million vehicles worldwide to 2.25 million for the American giant, which was hurt badly by a 10.2% drop in US sales. GM blamed tough economic times, noting solid overseas figures nevertheless. More»

GM, Ford, Chrysler, and Toyota saw sales fall last month

(NEWSER) - A tumbling US economy hit Ford, General Motors, Chrysler, and Toyota today as all four posted declining sales for last month, Bloomberg reports. Chrysler fell 14% as Ford dropped nearly 7% and GM suffered almost a 20% drop in light truck sales. "Primarily it's driven by the weak economy,'' one analyst said. "It's been difficult for people to refinance and get credit.'' More»

2011 disasters knock Toyota into 3rd place

(NEWSER) - General Motors is back on top of the world less than three years after its bankruptcy and restructuring. The company is once again the world's top-selling automaker, with 9 million sales worldwide in 2011, almost a million more than second-placed Volkswagen. Toyota, which took top spot from GM in 2008, fell into third place after production cuts caused by the earthquake and tsunami in Japan and flooding in Thailand. More»

Honda's Acura makes the list twice

(NEWSER) - Autoblog runs down the list of the 10 worst-selling cars of 2011, including:

1. Honda's Acura RL ($47,700): 1,096 sold
2. Hyundai Azera ($25,495): 1,524 sold
3. Mitsubishi Lancer Sportback ($18,395): 1,548 sold
4. Acura ZDX ($46,020): 1,564 sold
5. Toyota Land Cruiser ($68,920): 1,662 sold