" writeme += "

" writeme += "" writeme += "" writeme += "" writeme += "

" playme.document.write(writeme); playme.document.close(); if((navigator.appName == "Netscape") && (navigator.appVersion.substring(0,1) >= "3")) {playme.focus();} if((navigator.appName == "Microsoft Internet Explorer") && (navigator.appVersion.substring(0,1) >= "4")) {playme.focus();} if (playme.opener == null) { playme.opener = self; } } function play(vid,neth,netl,realh,reall) { var cm=GetCookie("playbar"); if (cm != null) { //if (cm=="nh" && neth=="t") { cm="hi.asx"; //if(aol||nstr||iebug) { //} else { // showvid('asf',vid+cm); //} } else { if (cm=="nh" && neth!="t") { this.sec=1; pbw(vid,neth,netl,realh,reall); } } if (cm=="nl" && netl=="t") { cm="lo.asx"; //if(aol||nstr||iebug) { //} else { // showvid('asf',vid+cm); //} } else { if (cm=="nl" && netl!="t") { this.sec=1; pbw(vid,neth,netl,realh,reall); } } if (cm=="rh" && realh=="t") { cm="hi.rmm"; if(aol||iebug) { } else { showvid('rm',vid+cm); } } else { if (cm=="rh" && realh!="t") { this.sec=2; pbw(vid,neth,netl,realh,reall); } } if (cm=="rl" && reall=="t") { cm="lo.rmm"; if(aol||iebug) { } else { showvid('rm',vid+cm); } } else { if (cm=="rl" && reall!="t") { this.sec=2; pbw(vid,neth,netl,realh,reall); } } } window.onerror = MSIE; // -->

logo
Thu, Oct 12, 2000 EDT
real time quotes your portfolio registration help
biz bulletin
  Corporate
Financial
Healthcare
Technology
stocks
  Quotes
Top Performers
Screening
Interactive
Charting
funds
  Quotes
Top Perfomers
Screening
insider
  Stock of the Day
Tip of the Day
Periscope
Launch Live Ticker
Fox News Home

Indices Chart
Click on index
for more information
 Commentary
  Fox Market Wire Forums:
Discuss This Story!

 

American Automakers Report
Best Year Ever

Reuters
DETROIT — General Motors Corp. and Ford Motor Co. on Wednesday both reported gains in December U.S. light vehicle sales that surpassed analysts' expectations, topping off the best year ever for the U.S. auto industry.

The results announced by the two automakers, following strong results from DaimlerChrysler AG and foreign automakers on Tuesday, pushed the industry to about 17.5 million light vehicle sales for the year, breaking the previous record of 16.03 million sales set in 1986.

GM, the world's largest automaker, said U.S. sales of light vehicles last month, excluding its Saab unit, rose 6.4 percent to 422,330 cars and trucks. Analysts had expected the firm to report a sales gain of 1 to 1.3 percent.

Ford, the world's No. 2 automaker, said its December sales, excluding its Jaguar and Volvo units, rose 2.1 percent, exceeding analysts' estimates of a 3.8 to 4 percent decline.

After launching a wave of incentives to boost its slumping market share, GM, the world's No. 1 automaker, said its pickup trucks, sport utilities and minivans jumped 21.5 percent to 226,892 for the month, much stronger than analysts had expected.

Car sales fell 7 percent to 195,438, brought down by lower fleet sales. Total light vehicle sales were 425,250 compared to 400,427. GM finished the year up 8.8 percent at 4,947,359.

Ford had an 11.7 percent rise in its traditional Ford, Lincoln and Mercury car lines in December to 178,065. Light trucks slipped 5.4 percent to 192,040. Ford ended up 5.9 percent ahead of last year with 4,633,099 vehicles.

Ford also owns the Jaguar and Volvo European car brands. Including sales of both of those companies, Ford's total December sales rose 0.5 percent from a year ago.

Jaguar earlier Wednesday said its sales more than doubled to 4,946.

More Marketwire More MarketWire News Top of Page


© 2000, News Digital Media, Inc. d/b/a Fox News Online
All rights reserved. Fox News is a registered trademark of 20th Century Fox Film Corp.
Data from Thomson Financial Interactive is subject to the following Privacy Statement

© 2000 Reuters Ltd. All rights reserved