02-08-2016 23:38 via news.yahoo.com

GM and Ford U.S. sales miss mark but industry strong overall

The biggest U.S. automakers, General Motors Co and Ford Motor Co , reported July U.S. sales that disappointed Wall Street on Tuesday but results were strong overall for the industry despite fears its long growth spurt may soon be over. GM reported that sales fell 2 percent to 267,258 vehicles, at the low end of expectations, while Ford posted sales of 216,479 vehicles, down 3 percent. Overall, July U.S. auto sales on Tuesday rose 0.7 percent to 1.52 million vehicles, according to Autodata Corp,
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