GM, Ford and Chrysler Sales Lag Estimates
Posted By thestatedtruth.com on August 4, 2010
General Motors Co. and Ford Motor Co. reported U.S. sales in July that trailed analysts’ estimates as consumers concerned about the economy limited large purchases. Toyota Motor Corp. and Nissan Motor Co. topped expectations.
GM’s sales rose 1.5 percent, including an adjustment for the number of selling days in July. On that basis, the largest U.S. automaker was expected to report a 10 percent increase, the average estimate of five analysts surveyed by Bloomberg. Ford’s adjusted sales fell 0.7 percent, trailing analysts’ estimates for a 10 percent gain. Its total sales climbed 3.1 percent.
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