(Reuters) - Ford Motor Co. and Honda Motor Co. Ltd. bucked the trend by posting a decline of 10 percent and 1.4 percent, respectively, in May sales. Ford also surrendered the industry's No. 2 spot to Toyota for the month.
GM , which beat Wall Street expectations with a nearly 5 percent sales gain, cut its forecast for industrywide sales in 2007 but said retail sales likely had stabilized after a weak spring that had raised concerns about a deepening slump tied to a slower U.S. housing market.
Read more at Reuters.com Business News
GM , which beat Wall Street expectations with a nearly 5 percent sales gain, cut its forecast for industrywide sales in 2007 but said retail sales likely had stabilized after a weak spring that had raised concerns about a deepening slump tied to a slower U.S. housing market.
Read more at Reuters.com Business News
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