Nov. Sales Languish for Big 3

Ford and GM will join Chrysler in cutting production in early 2008, reports the Wall Street Journal today, following sluggish November sales and anticipated weak demand driven by continued economic fallout. Only Ford saw a modest 0.6% improvement in US sales last month, while GM sales were down 11% and Chrysler 2%.

GM said it would trim output 11% from a year ago, Ford 7.4%. Next year, the Big Three will produce fewer than 16 million vehicles for the first time in a decade, experts say, as they struggle to right their businesses while facing changing consumer tastes and foreign competition—both Honda and Toyota posted record sales last month. (More auto industry stories.)