Auto sales wobble in June, GM plunges

(Reuters) - Shares of GM dropped more than 4 percent after the
holiday-shortened close of trade on the New York Stock Exchange
in reaction to the sales shortfall and indications the largest
U.S. automaker would have to respond with bigger discounts.




Sales for GM's Detroit-based rivals also slid for June,
while Toyota Motor Corp. , Honda Motor Co. and
Nissan Motor Co. all gained ground after taking the
unusual step of increasing spending on showroom discounts.


Read more at Reuters.com Business News