Q2 2009 Auto Sales: GM Global Sales Fall 15%

General Motors Co. reported this morning it sold 1.94 million vehicles globally during the second quarter, down 15 percent from a year earlier due to continued economic pressures and a drastic cut in vehicle production.But compared to the first quarter, sales were up almost 20 percent.Through the first six months of the year, GM sold 3.55 million vehicles, down 22 percent compared to last year.

Q2 2009 Auto Sales: Fiat Reports Second Consecutive Loss on Truck

Fiat SpA, the Italian carmaker that acquired a stake in Chrysler LLC, reported a second consecutive quarterly loss as slumping truck and equipment sales offset an improvement in auto deliveries in western Europe.The net loss of 168 million euros ($239 million) in the second quarter missed the average estimate of a 158.4 million- euro loss from five analysts surveyed by Bloomberg. Turin-based Fiat

Hyundai Car Allowance Rebate Incentives Boost Sales

The Hyundai USA automaker was the first to honor the government-sanctioned program, resulting in 7 percent of its sales.Fountain Valley-based Hyundai USA became the first company to implement the government’s Car Allowance Rebate System (CARS) incentives on July 2. The program – also known as "cash for clunkers" – accounted for 7 percent of Hyundai’s sales in the first week of its launch.The