US car sales lower than expected

With the US Automakers at the center of attention seeking billions in bailout money, Chrysler going under and GM being owned partially by the US Government and the UAW, reports today showed that US vehicle sales fell in June. Ford’s sales fell by 10.7%, while GM’s sales fell by 33.6% and Chrysler fell by 42%. One would assume sales fell because of the financial condition of GM and Chrysler resulting in their having the largest declines. news.bbc.co.uk/2/hi/business/8129744.stm