Car Sales Slip at Gm and Ford

Summary


DETROIT -- General Motors Corp. and Ford Motor Co. reported disappointing U.S. sales Wednesday, prompting the nation's two largest automakers to cut planned vehicle production in the fourth quarter, which could hurt profits.

Meanwhile, the top two Japanese automakers had uncharacteristically underwhelming months. Toyota Motor Corp. saw sales slip nearly 3 percent, while Honda Motor Co.'s business was off 7.1 percent.

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Car Sales Slip at Gm and Ford

The sluggishness, however, wasn't felt among all major carmakers reporting August results. The Chrysler Group, the smallest of Detroit's Big Three, said sales rose slightly. Nissan Motor Co., Suzuki Mo...

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