Stocks quoted in this article:
July was a rough month for the "Big Three" automakers, as General Motors (GM - 57-13/16), DaimlerChrysler AG (DCX - 52-7/16), and Ford Motor (F - 45-13/16) all sold fewer vehicles than in 1999, and DCX and GM both lost market share compared to their overseas rivals. Large Japanese auto manufacturers, including Hyundai, Toyota, Mitsubishi, and Honda, as well as Germany's Volkswagen, experienced slight gains in car and truck sales. GM sales dropped 2.6 percent compared to 1999, while F saw a 1.2-percent falloff compared to last year, and DCX suffered a 12-percent retreat. GM and F shares are trading slightly lower today, while DCX is virtually flat.