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Paging Cash For Clunkers...
Topic Started: Aug 3 2010, 08:38 PM (212 Views)
LTC8K6
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Assistant to The Devil Himself
Nissan, Toyota, Hyundai looking good...

GM, Ford, Chrysler, not so much...

http://www.bloomberg.com/news/2010-08-03/gm-s-july-u-s-auto-sales-rise-5-4-falling-short-of-analysts-estimates.html
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Baldo
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BEIJING, China - Ford Motor Co. on Tuesday reported China sales for July that represented a fall from last year, the first major automaker to suffer a decline as rapid Chinese market growth eases.

Ford said July sales totalled 18,255 vehicles. It gave no growth rate but the figure would be a 6.3 per cent decline from July 2009 sales of 19,486 units reported earlier.

Automakers are looking to China, the biggest auto market by number of vehicles sold, to drive revenues amid weak global demand. But growth has fallen since last year, when Beijing boosted demand with tax cuts and subsidies....snipped

http://ca.news.finance.yahoo.com/s/03082010/2/biz-finance-ford-s-china-sales-july-first-decline-major.html


Also Ford's sale of Volvo to China's Geely Motoras has been completed.

Ford is selling Volvo to Geely for $1.8 billion, less than one-third of what it paid for the Swedish automaker in 1999. Ford and Geely executives are aiming to close the sale next week, pending final regulatory approvals and financing, said the people, who asked not to be identified revealing internal plans. ...

http://www.bloomberg.com/news/2010-07-28/ford-said-to-complete-1-8-billion-volvo-sale-to-china-s-geely-next-week.html


On the good side Ford sales of pickup trucks is saving the day for them. Obama's Central Planning may not like it but the people do.
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