These asset sales are indicative of a company in trouble attempting to head off a near-term liquidity crunch.
These asset sales are indicative of a company in trouble attempting to head off a near-term liquidity crunch.
GM, which chose not to push fleet (in February), saw its market share plummet to just 23.7 percent. Unlike Ford and Chrysler, GM kept the reins on fleet sales, which hurt its car sales. Car sales fell 13 percent -- after rising 15 percent last month.
September's hurricanes and 3 a gallon gasoline served as a turning point in consumer preference. If this trend continues in '06, the Big Three, which rely heavily on light trucks for the majority of their sales, could experience accelerated market share losses.
© 2020 Inspirational Stories
© 2020 Inspirational Stories