Summary
DETROIT - Hurricane Charley's devastation in Florida and apparent diminishing effectiveness of consumer incentives are contributing to a slump in new car and truck sales in August, especially for General Motors and Ford, analysts say.
Depending on the extent of the decline, General Motors Corp. and Ford Motor Co., already saddled with bloated inventories, could be forced to trim fourth-quarter production. That in turn could quickly affect profits: Automakers consider a vehicle sold when it's shipped from the factory to a dealer, not when the dealer reaches an agreement with a buyer.See the full content of this document
Extract
Auto Sales - Big Three's Slump Continues in August
GM, Ford and other carmakers report August results Wednesday.
"August's sales are disappointing considering the high level of incentives and, more importantly, because of the ...See the full content of this document
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