US car makers record big falls in sales
06-01-2009
America's three biggest car companies have recorded major losses in annual sales, confirming that the industry is in serious difficulty. Sales for Chrysler and General Motors were down by about 30 percent in 2008, while Ford sold more than twenty percent fewer vehicles than in the previous year. Observers say the figures reflect a steep fall in consumer confidence, amid rising unemployment and economic uncertainty, and the difficulty many face in obtaining loans to buy new cars.
