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Economy
Gummint Motors sales continue to tank
2009-07-23
DETROIT (Reuters) - General Motors posted Wednesday a 22 percent global sales drop from a year earlier for the first six months of 2009 amid the economic slowdown and the automaker's slide into bankruptcy.

GM said its global first-half sales, which include brands the automaker is trimming from its lineup, fell 21.8 percent to 3.55 million vehicles. The automaker's sales in the second quarter fell 15.4 percent to 1.94 million vehicles. The automaker said second-quarter sales reflected continuing economic pressures and production cuts in the United States. It estimated a 12 percent second-quarter global market share, down 0.3 percentage point from a year earlier.

GM emerged from bankruptcy protection on July 10, concluding a 40-day stay in Chapter 11 with a sale of its key operations to a new company majority-owned by the U.S. Treasury and pledging to win back American consumers and taxpayers.
Working well, isn't it ...
Posted by:Steve White

#6  I like GM cars so much....

I bought a Honda.
Posted by: Barbara Skolaut   2009-07-23 18:24  

#5  I really like my five year old GM car. However, it'll be my last GM car, ever.
Posted by: DMFD   2009-07-23 16:52  

#4  As Gov't Motors goes, so goes the nation party.

Then again, will it be too long before we hear 'Ein Volk...' when the one says "It's not about me".
Posted by: Procopius2k   2009-07-23 08:30  

#3  As Gov't Motors goes, so goes the nation.
Posted by: Besoeker   2009-07-23 07:25  

#2  I'd love to own one of the new Corvette ZR-1s but the fact that I'd be subsidizing the UAW and lefties in DC will prevent any serious consideration of a purchase.
Posted by: AzCat   2009-07-23 00:54  

#1  I'd love to own a new Chevy Volt, but no at the stick it in my butt, 40 grand they want.
(Plus whatever they can think of extra, like tires or with a diesel engine instead of flashlight batteries)
Posted by: Redneck Jim   2009-07-23 00:12  

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