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US carmakers post major sales jump in March
Published in Saudi Press Agency on 01 - 04 - 2010


US carmakers posted strong sales figures in
March, helped by a series a incentives designed to lure new buyers
and take advantage of Toyota's recall woes, according to dpa.
General Motors Co reported Thursday that vehicle sales increased
21 per cent from March 2009 to 188,546, overtaking rival Ford after
briefly losing the top spot in the US car market in February.
Ford Motor Co reported a 40-per-cent jump in sales to 183,783,
continuing its strong gains as the only one of the major US carmakers
to avoid bankruptcy last year. GM remains majority controlled by the
US government after getting billions of dollars in loans in 2009.
Both carmakers were hoping to capitalize on Japanese maker Toyota
Motor Corp's publicity nightmare of the last few months. The world's
largest carmaker has been forced to recall more than 8 million
vehicles worldwide because of unintended acceleration issues as well
as brake problems in its Prius hybrids.
Toyota is still expected to post gains when it reports vehicle
sales later Thursday, largely due to its own round of major
incentives designed to avoid a collapse in demand.
Chrysler, the third-largest US carmaker, continued to struggle in
its effort to rebound from last year's bankruptcy. Its sales fell 8
per cent to 92,623.


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