Post by goGopherBill on Aug 3, 2009 14:53:28 GMT -5
DETROIT (Reuters) – General Motors Co said on Monday its U.S. auto sales fell 19.4 percent in July from a year earlier, but retail sales rose from the month before for a fifth consecutive month, supported by the U.S. government's "Cash for Clunkers" incentives.
GM, which emerged from bankruptcy last month after the sale of its best assets to a group led by the U.S. Treasury, said U.S. sales fell to 189,443 vehicles in July from 235,184 a year earlier. Retail sales were down only 9 percent from July 2008, but fleet sales were down 47 percent.
The result stands in contrast to a small 2.3 percent sales increase for rival Ford Motor Co, the only Detroit car maker not to pass through bankruptcy in 2009, and a 9 percent decline at Chrysler Group LLC, which emerged from bankruptcy in June.
It seems that government cant beat a private company after all..
I wonder if we privatized the postal service..
Health care and Housing...
??
Got government out of anything to do with consumer financing..
GM, which emerged from bankruptcy last month after the sale of its best assets to a group led by the U.S. Treasury, said U.S. sales fell to 189,443 vehicles in July from 235,184 a year earlier. Retail sales were down only 9 percent from July 2008, but fleet sales were down 47 percent.
The result stands in contrast to a small 2.3 percent sales increase for rival Ford Motor Co, the only Detroit car maker not to pass through bankruptcy in 2009, and a 9 percent decline at Chrysler Group LLC, which emerged from bankruptcy in June.
It seems that government cant beat a private company after all..
I wonder if we privatized the postal service..
Health care and Housing...
??Got government out of anything to do with consumer financing..
