Ford September Sales Down 34%
Automotive News [sub] reports that Ford’s U.S. sales dropped by 34 percent in September. Metal moved: 120,788 cars and trucks, down from 184,612 a year ago. For those of you keeping score, that’s FoMoCo’s 22nd decline in the past 23 months. “Consumers and businesses are in a very fragile place,” Jim Farley, Ford group vice president of marketing and communications, said in a touchy-feely prepared statement. “An already weak economy compounded by very tight credit conditions has created an atmosphere of caution.” Caution? What about crisis? Well, you can’t very well expect the spinmeisters to spread the panic inside The Glass House. You can certainly bet they’re watching the bailout bill with eagle eyes, hoping to Christ the bill takes over bad auto loans and frees-up the credit market.
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