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| Version 2 | Version 3 |
|---|---|
| Ford and GM see US sales decline | Ford and GM see US sales decline |
| (about 2 hours later) | |
| Struggling US carmakers Ford and General Motors (GM) have both seen a sharp drop in monthly US sales as they continue to fail to win over buyers. | Struggling US carmakers Ford and General Motors (GM) have both seen a sharp drop in monthly US sales as they continue to fail to win over buyers. |
| With both blaming the declines on planned cuts in unprofitable sales to rental firms, GM's overall June sales fell 24%, while Ford's were down 8%. | With both blaming the declines on planned cuts in unprofitable sales to rental firms, GM's overall June sales fell 24%, while Ford's were down 8%. |
| By contrast, their main Japanese rivals all saw their US sales rise last month. | By contrast, their main Japanese rivals all saw their US sales rise last month. |
| Nissan's monthly sales added 22.7%, while Honda's advanced by 7.3%, and Toyota gained 6.1%. | Nissan's monthly sales added 22.7%, while Honda's advanced by 7.3%, and Toyota gained 6.1%. |
| Chrysler, the third of the "big three" US carmakers saw its June sales decline 1.4%. | Chrysler, the third of the "big three" US carmakers saw its June sales decline 1.4%. |
| Job cuts | Job cuts |
| Both GM and Ford are continuing with major cost cutting plans as they attempt to turn around their fortunes. | Both GM and Ford are continuing with major cost cutting plans as they attempt to turn around their fortunes. |
| The bottom line was that it was a tough quarter and a first half that was weaker than we expected GM's Paul Ballew | |
| Ford, which plans to sell its luxury UK-based Jaguar arm, is looking to cut 45,000 jobs in North America, while GM aims to reduce its workforce by 34,000 jobs. | Ford, which plans to sell its luxury UK-based Jaguar arm, is looking to cut 45,000 jobs in North America, while GM aims to reduce its workforce by 34,000 jobs. |
| Meanwhile, Chrysler is being taken off the stock market by private equity group Cerberus Capital Management in a $7.4bn (£3.7bn) deal expected to be completed as early as this month. | Meanwhile, Chrysler is being taken off the stock market by private equity group Cerberus Capital Management in a $7.4bn (£3.7bn) deal expected to be completed as early as this month. |
| It is being sold by German owner Daimler. | It is being sold by German owner Daimler. |
| Ford's sales of traditional cars fell 24.6% last month. | Ford's sales of traditional cars fell 24.6% last month. |
| By contrast, sales of its light trucks, which includes its sports utility vehicles, added 2.9%. | By contrast, sales of its light trucks, which includes its sports utility vehicles, added 2.9%. |
| GM's passenger car sales lost 22.3%, while its light trucks lost 25.6%. | GM's passenger car sales lost 22.3%, while its light trucks lost 25.6%. |
| "The bottom line was that it was a tough quarter and afirst half that was weaker than we expected," said GM's salesanalyst Paul Ballew. |