Toyota (TM) hurt GM again in March. After the Japanese car company came out with a sales increase of 11.7% to 242,675, General Motors (GM) reported a drop in sales of 7.7% to 349,867. The company blamed a cut back in fleet sales for much of the short fall. Industry analysts had expected better.

Sales of Buick cars and trucks were off sharply from 23,276 a year ago to 16,222.

Saturn continued to be a signficant bright spot, with sales up from 16,629 in 2006 to 21,123 last month.

Wall St. took the news as positive sending GM shares up 2% to $31.43.

Must live in a Detroit ostrich farm.

Douglas A. McIntyre