| Chevrolet Volt Sales Up 2.8% From October as U.S. Probes GM’s Plug-In Car and GM Sales Rise 7%, Thanks to Pickup Trucks |
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Sales of General Motors Co. (GM)s Chevrolet Volt plug-in hybrid rose 2.8 percent in November from the month before as the National Highway Traffic Safety Administration investigates the car for battery fires. GM sold 1,139 Volts, the company said in a statement. That compares with 1,108 units in October, according to Autodata Inc., a research firm in Woodcliff Lake, New Jersey. NHTSA announced a safety probe of the Volt Nov. 25. GM expanded Volt sales to all U.S. states in October and has been increasing output in the year(TM)s second half. Chevy also boosted last month by allowing dealers to sell as many as 2,300 demonstration models to retail buyers. GM has sold 6,142 Volts so far this year and has a target of 10,000 this year. That(TM)s not as much as I would have expected, said Alan Baum, principal of Baum & Associates, a research firm in West Bloomfield, Michigan. I would think that they would have been able to work down their waiting list. [Read the full article] Stocks drifted mostly lower Thursday morning as traders hoping to add onto Wednesday\'s enormous 490-point surge on the Dow had to contend with conflicting reports on the state of the U.S. economy. ", baynoteOrOutbrain:"outbrain", commenting: "true" }; var disqus_identifier = "4ceeecbd64af3310VgnVCM100000d7c1a8c0RCRD"; var disqus_category_id = "461881"; var disqus_developer = 1; Red-Hot Markets Cool Off Amid Mixed Economic Signals Written By Matt Egan, Adam Samson Stocks drifted mostly lower Thursday morning as traders hoping to add onto Wednesday's enormous 490-point surge on the Dow had to contend with conflicting reports on the state of the U.S. economy. As of 12:25 p.m. ET, the Dow Jones Industrial Average fell 31.9 points, or 0.27%, to 12014.2, the Standard & Poor's 500 Index slipped 2.5 points, or 0.2%, to 1244.5 and the Nasdaq Composite rose 5.6 points, or 0.22%, to 2626.87. [Read the full article] Dec 1 (Reuters) - Nissan Motor Co and Volkswagen AG posted double-digit percentage gains in November U.S. sales, a strong showing for a month analysts were expecting to set a more than two-year record overall. General Motors Co posted a sales gain of 7 percent for November, boosted by sales of profitable pickup trucks, vans and SUVs, although its overall tally fell short of some analyst forecasts. The three automakers were the first to report monthly U.S. sales results, one of the earliest snapshots of consumer demand. Sales for Volkswagen AG, the No. 9 automaker in the U.S. market, were up almost 41 percent. Sales for Nissan, the No. 6 automaker in the market, were up 19 percent. Analysts have forecast industrywide sales of 13.4 million vehicles for the month. That would mark the highest annualized rate since August 2009, when the U.S. government launched its "cash for clunkers" rebate program. [Read the full article] 
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