GM (GM): Remarkably Sharp Drop In Sales

Posted: December 2, 2008 at 2:39 pm

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If GM (GM) needed dramatic news to help explain why it needs a bailout from Washington, the car firm got it.

Sales at the company were off 41% in November. Year-to-date unit sales dropped 22%. The stock was pushed down 3% on the news but quickly recovered.

Total vehicles sold moved down to 153,000 from 261, 000 in November 2007.

Douglas A. McIntyre

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