More bad news for GM as monthly sales decline |
News - Financial News | |||
Written by Hugh McManus | |||
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September 3, 2008: There was still more bad news today for General Motors [NYSE:GM] as the company posted a monthly vehicle sales decline of 20% for August. Ford [NYSE:F] faired a lot worse with a 27% drop, while the 9.4% drop suffered by Toyota seem like good news in comparison. Nissan reported a slight increase in sales. GM, Ford and Toyota all sell larger vehicles which have been out of favor with consumers with the recent gas price increase.
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