DETROIT (Reuters) - U.S. auto sales fell 12.7 percent in November from a booming month a year ago, and slow sales forced Ford Motor Co. (NYSE:F - News) to unexpectedly cut production on Tuesday, spooking already jittery investors who sent shares down across the sector.
The drop was led by a 21 percent decline at Ford and an 18.5 percent decline from General Motors Corp. (NYSE:GM - News) DaimlerChrysler AG's Chrysler arm (NYSECX - News; XETRACXGn.DE - News) said its sales fell 12 percent, as the entire industry faced a tough comparison with a sales boom last year sparked by no-interest loans.
http://biz.yahoo.com/rb/021203/autos_sales_9.html
-HUMMERDOGG
DETROIT (Reuters) - U.S. auto sales fell 12.7 percent in November from a booming month a year ago, and slow sales forced Ford Motor Co. (NYSE:F - News) to unexpectedly cut production on Tuesday, spooking already jittery investors who sent shares down across the sector.
The drop was led by a 21 percent decline at Ford and an 18.5 percent decline from General Motors Corp. (NYSE:GM - News) DaimlerChrysler AG's Chrysler arm (NYSECX - News; XETRACXGn.DE - News) said its sales fell 12 percent, as the entire industry faced a tough comparison with a sales boom last year sparked by no-interest loans.
http://biz.yahoo.com/rb/021203/autos_sales_9.html
-HUMMERDOGG
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