Obamanomics -
Declines in car sales may be bottoming out. The good news is that the boycott of General Motors called for by many seems to be having the intended effect! Keep it up! Buy FORD!!!
Car Makers See End to Sales Slide
By ANDREW GROSSMAN and KATE LINEBAUGH
The three biggest car makers in America called a bottom to the long decline in U.S. auto sales as the industry reported its smallest monthly sales drop this year.
New-vehicle sales in June fell 28% from a year earlier to 860,000 cars and light trucks, according to the market-research firm Autodata Corp. That would be the smallest decline in any month this year....
...Meanwhile, though, many car makers continued to post significant declines. GM said its sales fell 33% to 174,785 vehicles, Chrysler Group LLC's declined 42% to 68,297 and even Toyota's were down 32% at 131,654.
Ford, the only one of the Big Three Detroit auto makers that didn't require government bailout loans and stayed out of bankruptcy-court proceedings, reported its sales declined just 11%, to 154,873 cars and trucks. That total allowed Ford to outsell Toyota for the fourth straight month...Continue Reading
Best of all is the headline from Stockhouse:
‘New’ General Motors (GM) seems doomed to fail
Again I urge everyone to SUPPORT FREEDOM - BOYCOTT GENERAL MOTORS AND CHYSLER!
