GM (GM) Better Than Expected

Posted: October 1, 2008 at 1:20 pm

Gm20jpeg20imageGeneral Motors (GM) delivered 284,300 vehicles in September. Sales were down 16% from the same month last year.

Car sales fell 10% to just over 118,000. Light trucks were off 19%.

Cadillac did poorly with unit sales off 39% to just over 12,000. Chevy did well, down 11% to just over 123,000. Chevy full-sized pick-ups did remarkably well, down only 5% to just under 54,000.

All in all, a stellar performance compared with Ford (F).

GM’s shares rose 1% to $9.51 while Ford was off almost 13% to $4.55

Douglas A. McIntyre

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