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Wednesday, 4 August 2010 - GM's US sales up 5.4 percent in July, Ford up 3.1 percent
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    Read more with google mobile : GM's US sales up 5.4 percent in July, Ford up 3.1 percent

    Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology GM's US sales up 5.4 percent in July, Ford up 3.1 percent AFP - Wednesday, August 4 Send IM Story Print GM's US sales up 5.4 percent in July, Ford up 3.1 percent CHICAGO (AFP) - – General Motors reported a 5.4 percent increase in July US sales Tuesday, the 10th consecutive month of sales gains following a government-financed restructuring under bankruptcy protection. "This month concludes our first full year as a company and in that year a lot has happened," said Don Johnson, vice president for US sales. "We moved from eight brands to four, we're managing our inventory... and we're managing our incentives prudently," he told reporters in a conference call. "I believe our plan is working and we're making very good progress." Sales of GM's remaining core brands -- Buick, Cadillac, Chevrolet and GMC -- rose 25 percent to 199,432 vehicles in July and were up 31 percent for the year to date. July was also the seventh consecutive month that sales of those core brands grew by more than 20 percent. Total sales for the year to date were up 11.9 percent at 1.3 million vehicles, which Johnson noted means the new GM sold 125,210 more vehicles with just four brands than the former company sold with eight brands during the same period a year earlier. Total sales for July -- which included sales of 210 Hummers, 20 Pontiacs and 30 Saturns as dealers cleared their lots of eliminated brands -- totaled 199,692. Johnson cautioned that while GM is "optimistic" about future sales and is maintaining its 2010 forecast of total industry sales of 11.5 to 12 million vehicles "the continued recent economic news still points to a slow recovery." Ford reported a 3.1 percent increase in total sales to 170,411 vehicles while sales at its three remaining brands -- Ford, Lincoln and Mercury -- rose five percent. Ford, which managed to survive the collapse of auto sales following the financial crisis and economic downturn without government aid, said it has now managed to increase its share of the US retail market for 21 of the past 22 months. Sales for the year to date were up 24 percent at 1.12 million vehicles. "Customers are rewarding Ford for providing the performance they want and the fuel economy they need," said Ken Czubay, Ford vice president for US sales and marketing "New classleading powertrains are the secret weapon in every new product we are bringing to market." The Ford figures included sales for Swedish brand Volvo, whose sale to Chinese car maker Geely Holdings was completed earlier this week. Recommend Send IM Story Print News Search Top Stories Spanish resort city readies to host Michelle Obama, daughter Fearful Americans save more as recovery slows Pfizer notches nine percent profit jump GM's US sales up 5.4 percent in July, Ford up 3.1 percent Parched Russia warns on harvest as wheat prices surge More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended One dead as rockets hit Red Sea ports of Eilat, Aqaba Schumacher says 'sorry' for Barrichello move BP gears up for well 'kill' Space station drama as cooling system fails Census shines light on biodiversity of the seas More Most Viewed » Parachuting donkey shocks Russian beachgoers Argentine students crack three-decade-old murder mystery World's first full face transplant man appears on TV Paris Hilton caught with cannabis in handbag Calcium supplements linked to heart attacks: study More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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