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Market share of U.S. automakers continues to erode

01/06/2006, 10:43 AM

By admin

Asian brands won a 36.5 percent share of the U.S. market last year, a 1.9 percentage point increase compared with the same period in 2004, reports Reuters. Meanwhile, U.S. automakers collectively lost 1.7 points, leaving them with a 57 percent share. Analysts expect GM, which has lost nearly $4 billion through the first three quarters of 2005, to post its fifth straight quarterly loss later this month. Ford is expected to squeeze out a small quarterly profit, but announce major plant closings and blue-collar layoffs.

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