Business Services Industry
GM, Ford See Strong September Sales but Japanese Brands Still Get Market Share.
Knight Ridder/Tribune Business News, October, 2003
By Rick Popely, Chicago Tribune Knight Ridder/Tribune Business News
Oct. 2--Strong performances by General Motors Corp. and Ford Motor Co. boosted September auto sales above expectations, but major Japanese brands continued to gain market share.
While most analysts expected disappointing results from the two largest automakers, GM's sales rose nearly 18 percent from September 2002 and Ford's were up 5 percent. Both credited brisk truck sales, but GM's car sales increased 14 percent for the month, revved up by rebates up to $4,000 on 2003 models.
Sales at the Chrysler Group, the domestic unit of DaimlerChrysler, were down 11 percent from a strong showing a year earlier.
Strong sales by GM and Ford, however, did little to mask...
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