A deepening recession and growing consumer anxiety sent U.S. automobile sales plummeting in February to levels one executive called "unsustainable."
Overall industry sales plunged more than 41 percent, from nearly 1.8 million vehicles in February 2008 to 688,909 last month, putting more pressure on General Motors Corp. and Chrysler LLC as they scramble to convince the federal government they are worth saving. But the dramatic drop also exposed how much the U.S. economy has weakened, making the failure of one or both of the automakers all the riskier.
GM's sales were down a staggering 53.1 percent year over year, leaving it with 18.3 percent of the U.S. market, compared to 22.9 percent a year ago, according to Autodata Corp.
There are auto show photos and then there are AutoSpies.com auto show photos!
2009 Geneva Motor Show Photo Gallery
Audi A5/S5 Cabriolet Photo Gallery
Read Article