GM global sales fall 22 pct in first half of 2009
July 22, 2009: 09:17 AM ET
* Q2 sales fall 15.4 pct, first half sales fall 21.8 pct
* First half global market share 12 pct, down 0.3 pct pt
DETROIT (Reuters) - General Motors posted Wednesday a 22 percent global
sales drop from a year earlier for the first six months of 2009 amid the
economic slowdown and the automaker's slide into bankruptcy.
GM said its global first-half sales, which include brands the automaker
is trimming from its lineup, fell 21.8 percent to 3.55 million vehicles.
The automaker's sales in the second quarter fell 15.4 percent to 1.94
The automaker said second-quarter sales reflected continuing economic
pressures and production cuts in the United States. It estimated a 12
percent second-quarter global market share, down 0.3 percentage point
from a year earlier.
GM emerged from bankruptcy protection on July 10, concluding a 40-day
stay in Chapter 11 with a sale of its key operations to a new company
majority-owned by the U.S. Treasury and pledging to win back American
consumers and taxpayers.