October 2, 2009

GM Sold 155,195 Vehicles in September

Filed under: Business Moves,Economy,Taxes & Government — Tom @ 11:45 am

That’s according to this Wall Street Journal chart.

Chrysler sold 62,197.

I’m educated-guessing that those are the lowest monthly numbers in decades.

Even AP, which has mostly downplayed the historic swoons at the two bailed-out companies, noted the existence of serious problems yesterday:

General Motors Co.’s sales plunged 45 percent while Chrysler Group LLC’s fell 42 percent. The weak results continued a string of monthly sales drops for the troubled pair. Now the question is whether their government-funded recovery plans are working.

A spokeswoman for the U.S. Treasury Department, which has provided roughly $65 billion to keep GM and Chrysler going, would not comment on the sales figures.

Just wait until the financial loss results are compiled. I wonder if we’ll be allowed to see them?

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2 Comments

  1. But man, that Cash for Clunkers sure was a success!

    Comment by zf — October 2, 2009 @ 11:53 am

  2. Seems like Hyundia, Kia, VW and Volvo are the big winners here gaining market share. BMW and Porche also did well.

    I’m thinking the execs at Ford are kicking themselves selling Volvo to Geely (Chinese manufacturer) http://www.thetruthaboutcars.com/volvo-bought-by-geely/

    Here’s an interesting result in the luxury class: Rolls Royce and Ferrari gained but over all the class sold less cars. Talk about making gains on your market share!

    Comment by dscott — October 2, 2009 @ 12:14 pm

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