Financial Times FT.com

Carmakers warn of tough times in US

By Bernard Simon in Toronto

Published: December 3 2007 21:43 | Last updated: December 4 2007 00:18

Carmakers ratcheted up warnings on Monday of tough times ahead in the US, after reporting lacklustre November sales.

General Motors’ US sales slumped by 11 per cent last month from a year earlier, while Chrysler sales were down 2 per cent and Toyota and Ford posted flat performances in the world’s biggest vehicle market.

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