U.S. carmakers’ sales fall in April
From Reuters
Auto sales have dropped far below expectations for April, a Ford Motor Co. executive said, characterizing industrywide results as “terrible” as rival General Motors Corp. rolled out an incentive program to boost crucial month-end deals.
“We are not even close to where we expected to be in April,” Ford chief sales analyst George Pipas said.
GM responded to the slack sales climate by offering lower-interest financing to customers with risky credit.
