Have I got a deal for you...
The world's largest automaker lost market sharelink
as high petrol prices drove consumers away from
its gas-guzzling sport utility vehicles. GM lost
3.8 billion dollars in the first three quarters
of 2005 and saw sales drop more than 20 percent
in September and October.
Ford's global automotive operations have lostlink
almost $1.7 billion through the first nine months
of the year, compared to profits of more than
$1.1 billion through the third quarter of 2004.
...
Rising gas prices have also sharply curtailed
consumer demand for Ford's sport utility vehicle
lineup, which helped the automaker become one of
the industry's most profitable companies during
the 1990s.
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