Ford: U.S. sales off 14.9 percent; SUV sales fall 54.4 percent

Ford: U.S. sales off 14.9 percent; SUV sales fall 54.4 percent http://www.msnbc.msn.com/id/25968649 /
DETROIT - Ford Motor Co said on Friday its U.S. sales fell 14.9 percent
in July on an unadjusted basis amid the downturn in the U.S. auto industry, especially for sales of large trucks and SUVs.
Sales dropped to 161,530 vehicles in July, from 189,920 vehicles a year earlier, including all of Ford's brands, the automaker said.
In its Ford, Lincoln and Mercury brands, car sales rose 7.8 percent, crossover sales fell 7.8 percent, SUV sales fell 54.4 percent, and truck and van sales fell 18.1 percent.
There were 26 selling days in July, compared with 24 selling days a year earlier.
Other big automakers including General Motors, Chrysler, Toyota and Honda are expected to report their July U.S. sales numbers later in the day.
Earlier, GM said its earnings losses widened to $15.5 billion in the second quarter as North American sales plummeted and the company faced expenses due to labor unrest and its massive restructuring plan.
The loss of $27.33 per share was the third-worst quarterly loss in the automakers history. In the same period a year earlier, GM recorded a net profit of $891 million, or $1.56 per share. Revenue for the April-June period was $38.2 billion, down $8.5 billion from a year earlier.
Ray Young, the companys chief financial, said GM might offer another round of buyout and early retirement offers to its U.S. hourly workers because of production cuts.
Nearly 19,000 manufacturing workers or about 25 percent of GMs U.S. hourly work force signed up for the latest round of buyout offers, which ended July 1. Young said 90 percent of those workers have left the company.
--
Civis Romanus Sum

Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
Nearly 19,000 manufacturing workers or about 25 percent of GMs U.S. hourly work force signed up for the latest round of buyout offers, which ended July 1. Young said 90 percent of those workers have left the company.
lol.....after the buyout money runs out, they'll all be flipping burgers at McDonalds.
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

Why would they wait until the money runs out? And what makes you think that some of them aren't back in school, learning new skills or doing other things?
Jeff
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

Motorsforum.com is a website by car enthusiasts for car enthusiasts. It is not affiliated with any of the car or spare part manufacturers or car dealers discussed here. All logos and trade names are the property of their respective owners.