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GM, Ford, Toyota Plunge as Buyers Reject Big Trucks

bloomberg.com — GM sales fell 19 percent, Ford was down 28 percent and Toyota dropped 21 percent. Honda Motor Co. and Volkswagen AG, which rely on cars for the bulk of their sales, each rose about 1 percent.

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  • borez, on 07/02/2008, -0/+9Good
  • PhilaCheesteak, on 07/02/2008, -0/+5DUGG for PLUNGE
  • kelt65, on 07/02/2008, -0/+3hahahahahahahahaha
  • CharlesSaint, on 07/02/2008, -0/+5Surprise surprise... Firms that fail to foresee and react to changing market variables end up paying for it in the future. Who would have thought that hitting those quarterly numbers, with no regard beyond the present, would be a strategy that ends up backfiring in the long run?
  • Fangsinmybeard, on 07/03/2008, -0/+4Car makers really didn't see it coming, they were blinded by greed and narcissism. They refused to believe that buyers would sacrifice size and luxury for economy.
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