Chrysler Sales Up, GM expects Loss

04/03/96

Chrysler's sales of light vehicles in March, augmented by large rebates and consumer incentives, rose 8.1 percent over what they were in March of the previous year. GM showed a 2.2 percent decline in sales for the same period, compared to a year ago. Analysts blamed GM's loss on deliveries that may have been disrupted by April's UAW strike. GM expects it's first quarter earnings to be down about $900 million, and blames that expected loss squarely on the strike. GM's predictions far exceed the $500 million to $600 million loss that industry analysts predicted for the automaker.

Paul Dever -- The Auto Channel