1.
U.S. markets recover from steep losses
DETROIT, Jan. 2 (UPI) -- Ford and Chevrolet prepare to announce their final 2006 sales figures in what may be the last time a U.S. automaker ranks as the No. 1 brand in U.S. auto sales.
Fast-rising sales at Toyota, currently third among auto brands, will likely make the Japanese automaker bypass both companies this year, The Chicago Tribune reported.
Ford Motor Co. is plotting a course to shrink its market share to become profitable.
"We are focused on getting our business profitable. We can't be distracted by sales races and sales rankings," Ford sales analyst George Pipas told the Tribune. "That stuff is not even on our radar screen."
General Motors Corp.'s Chevrolet division is selling hard but may be passed by Toyota Motor Corp., the newspaper said.
In the end of 2006, Chevrolet outsold Ford by 23,000 vehicles in November, so a strong December could put Chevy on top for the year, perhaps the last time for a U.S. brand.
Automakers are to report sales results Wednesday.
|
|
|
|
|
|
| Additional Business News Stories | |
CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
|
MELBOURNE, Fla., May 23 (UPI) --
Northrop Grumman says its Military Airworthiness Certification is closer for its re-engined EC-8 Joint Surveillance Target Attack Radar System aircraft.
|
The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
|
What if Europe turned out to be the new Japan?
|
| Stories | Photos | People | Comments |
View Caption
