Auto Industry, May | featured news

Retail sales drop in May, raising worries about recovery

Retail sales drop in May, raising worries about recovery

Spending fell 1.2%, the biggest dip in eight months. Auto sales were down 1.7%. Retail sales plunged in May by the largest amount in eight months as consumers slashed spending on everything from cars to clothing.

 

GM Sales Rose 32% in May

GM Sales Rose 32% in May

General Motors said its U.S. sales in May jumped 32% for the four brands the company kept after its restructuring thanks to continued strong demand for crossover vehicles and cars.

 

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