General Motors

General Motors (GM) is a US carmaker that was the world’s biggest, although Toyota is challenging it for the title. It was hard hit by the global financial crisis, needing a government bailout, but emerged from chapter 11 reorganisation in 2009, and held an initial public offering in 2010. It returned to profit in 2011.

Fiat Chrysler Automobiles (FCA) Jeep vehicles are displayed for sale at a car dealership in Moline, Illinois. US auto sales were down for the sixth month running. Photo: Bloomberg

US auto sales tumble for the sixth straight month

Ford, General Motors (GM), Fiat Chrysler and Hyundai all reported US sales drops last month, apparently dragging the industry to its sixth straight month of declining numbers as auto sales slow from last year’s record pace.