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Sales Plunge as Gas Prices Hit Automakers Hard E-mail
Written by Various   
Tuesday, 01 July 2008

Honda's lineup of small cars helped its United States sales climb to a record for the second consecutive month, but its major competitors reported significant declines in June, the worst month yet in a miserable year for the automobile industry.Sales were down 28 percent at the Ford Motor Company, 21 percent at Toyota and 18 percent at General Motors and Nissan ... hardest hit was Chrysler, whose sales fell 36 percent after it discontinued some models in a bid to increase profit margins.

Separate Stories:

Ford's June sales tumbled 27.9 percent in June as high gas prices and a weak economy continued to cause trouble for Ford and the rest of the auto industry.

by Tom Krishner, Dee-Ann Durbin, AP

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