Ford, GM report weak November; Toyota, Nissan, Chrysler up
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(Detroit-AP) Dec. 2, 2004 - The nation&#39;s two largest automakers are reporting weak November sales and announcing plans to reduce production.
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U.S. car and truck sales likely slowed in October from incentive-driven, surprisingly strong levels in September, and Detroit automakers look set to take most of the fall.
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U.S. consumer spending edged up a slim 0.2 percent in November, much weaker than October's robust 0.8 percent jump as purchases of new cars dropped sharply, a government report on Thursday showed.
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U.S. consumer spending edged up a  slim 0.2 percent in November, much weaker than October's robust  0.8 percent jump as purchases of new cars dropped sharply, a  government report on Thursday showed.
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U.S. car and truck sales likely slowed  in October from incentive-driven, surprisingly strong levels in  September, and Detroit automakers look set to take most of the  fall.
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DETROIT - Ford Motor Co. posted weaker US vehicle sales for August Wednesday and cut its fourth-quarter production, while its rival Chrysler posted a fifth straight month of stronger results.
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General Motors and Ford Motor, the nation&#39;s two largest automakers, both said demand for new vehicles last month was off 5 percent from a year ago, even as Japanese competitors
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New orders for long-lasting  U.S.-made manufactured goods rose by a much less-than-forecast  0.1 percent during November and a key gauge of corporate  appetite for investment also unexpectedly shrank, government  data on Thursday showed.
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Automaker posts third-quarter net income up 7.5%, but strengthening yen and discouraging outlook for U.S. economy temper sales forecasts for the year to come.
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TOKYO: Japan&#39;s top three automakers Toyota Motor Corp., Nissan Motor Co. and Honda Motor Co. said that global production rose sharply in November on the back of strong overseas demand.
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The Gap had a dismal November sales period.
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General Motors Corp. GM.N on Tuesday  posted a marginal gain in January U.S. vehicle sales, while  Ford Motor Co. F.N reported a moderate drop, and both U.S.  automakers said they would trim production further.
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General Motors Corp. GM.N and Ford  Motor Co. F.N posted weaker U.S. sales for August on  Wednesday and both cut planned fourth-quarter production as  their aging vehicle lineups lost ground to rival Chrysler and  some foreign brands.
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Demand for passenger cars amid high gas prices drove U.S. sales increases in May for General Motors Corp., Toyota Motor Corp. and Nissan Motor Co. as industrywide sales rebounded slightly from a weak spring.
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Business News, DETROIT, General Motors Corp. and Ford Motor Co. said on Wednesday they would cut production more than expected after weak US sales in November, a move that analysts said could hurt profits.
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New orders for long-lasting U.S.-made manufactured goods rose by a much less-than-forecast 0.1 percent during November and a key gauge of corporate appetite for investment also unexpectedly shrank, government data on Thursday showed.
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General Motors Corp.  on Thursday posted slightly stronger quarterly earnings, but the results were at the low end of its own forecast and the company cut its earnings outlook for the year due to slower growth in Asia-Pacific and mounting losses in Europe.