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Automakers Worst Month Since 1992

Posted on July 01, 2008

CNN Money is reporting Ford sales plunge.Ford Motor (F) reported that its U.S. sales tumbled 28% in June from a year ago, in what could turn out to be the weakest month for auto sales in 16 years. The No. 3 automaker in terms of U.S. sales, saw demand for its SUVs plunge by more than half and for pickups and other trucks fall more than a third.Even the so-called crossovers, saw sales off 18% from a year earlier, as buyers went searching for more fuel efficient vehicles in the face of record $4 gas prices. But Ford apparently didn't have the car models buyers were looking for, as its car sales ...

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bonds , gas