Ford Leads Drop in US Car Sales

Ford led a slide in US car sales for most firms last month, after the recent financial turmoil spooked customers. The US group sold less than 190,000 vehicles, 21% lower than at the same time last year, and much worse than the 4% fall predicted by analysts. Meanwhile, Japanese rival Toyota blamed a drop in truck sales for a 4% fall in overall vehicle sales. But General Motors bucked the trend with a 4% rise in sales, led by demand for its new lineup of vehicles.

Ford Preparing To Sell Volvo

Ford Motor Company is preparing to sell its money-making Volvo luxury brand as it works to return its North American operations to profitability. An unnamed source in London. said the decision to sell Volvo, which is a part of Ford's Premier Automotive Group, was made in the past two weeks, but the timing of the sale had yet to be decided.