Automakers Maintain Sales Despite Woes
RENEE MONTAGNE, host:
Today's business news begins with a surprising gain amidst sinking auto sales.
(Soundbite of music)
MONTAGNE: Major automakers - not just Detroit, but Japan's Toyota as well -reported yesterday that sales in the U.S. are weakening.
At Ford, car sales plunged dramatically by more than a third last month.
But at General Motors, the news was different. GM bucks the downward trend, saying its sales actually rose 6 percent. Still, GM isn't immune from fears that consumers will delay buying new cars because of the housing downturn and high fuel prices. GM said yesterday it will slash its fourth quarter production by 10 percent.
NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR’s programming is the audio.