Mark your calendar for Mediaweek, October 29-30 in New York City. We’ll unpack the biggest shifts shaping the future of media—from tv to retail media to tech—and how marketers can prep to stay ahead. Register with early-bird rates before sale ends!
There was more grim news out of Detroit Tuesday as Ford Motor Co., General Motors and Chrysler reported dizzying declines in November sales.
As the leaders of the Big Three descended on Washington to make their case for a $25 billion federal bailout, Ford announced that November sales were down 30.6 percent, while GM absorbed a 41.3 percent drop.
Last month, Ford moved 123,222 vehicles, down from 177,485 in the year-ago period. GM suffered an even greater reversal, shifting 153,404 cars and trucks, versus 261,273 in November 2007.
Shortly after GM issued its monthly sales report, GM sales analyst Mike DiGiovanni told investors that the industry cannot survive without government intervention.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in