Gm, Ford Sales Drop While Toyota has Record Month

Summary

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DETROIT -- The U.S. auto industry's slump hit GM hard in March, when the struggling automaker's sales fell almost 15 percent while rival Toyota reported its highest monthly sales yet.

The sales report Monday was more bad news for General Motors Corp., which lost $10.6 billion in 2005 and has been giving up U.S. market share to Asian competitors, leaving Toyota Motor Corp. nipping at its heels in the race for who can claim the title of world's largest automaker.

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Gm, Ford Sales Drop While Toyota has Record Month

GM car sales dropped 22 percent compared with March 2005 as the automaker eased off on sales to rental fleets, while truck and SUV sales were down 9 percent despite brisk sales of the redesigned...

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