Saturday, September 02, 2006
Summary Of Monthly Vehicle Sales For August
Ford, Chrysler sales dip; GM gains
Toyota continues charge while Nissan, Honda turn lower
By
Shawn Langlois, MarketWatch, Last Update: 5:31 PM ET Sep 1, 2006
General Motors Corp., faced with another steep decline in demand for its gas-guzzling trucks, announced plans Friday to slash its fourth-quarter production, a move telegraphed to the market ahead of Friday's August auto sales data.
Ford Motor Co. (F) saw a similar drop in truck and SUV sales, taking some of the shine off an increase in car sales that helped it reclaim the No. 2 spot from Toyota Motor Corp., despite another strong month for the Japanese car maker. GM (GM) still in the No. 1 position, posted a 3.9% rise in August U.S light vehicle sales.
GM's decision to cut the number of vehicles it builds in the last three months of the year is the latest chapter in a massive downsizing as Detroit struggles to tailor its cars and trucks to fit changing public demand. It did not tamper with production plans for the current quarter.
Ford already announced cuts that will bring its production to levels not seen in decades and Chrysler (DCX) recently said it's shutting down an assembly shift as part of its move to pare production...read more:
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9/02/2006 12:45:00 PM
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