Honda grows while US auto industry falters (AP)
When consumers astonished the U.S. auto industry two months ago by quickly shunning trucks and going for gas mileage, the biggest beneficiary ended up being Honda Motor Co.
Summary Box: Honda sales gain while others' fall (AP)
THE NUMBERS: Honda Motor Co. sales were up a modest 1 percent in June, the only major automaker to show an increase. The Detroit Three, Toyota Motor Corp. and Nissan Motor Co. all reported double-digit declines, and the market dropped 18 percent overall.
June car sales plummet; more declines expected (AP)
A last-minute no-interest financing offer and strong sales of some cars helped General Motors Corp. keep its U.S. sales over Toyota Motor Corp. last month, but it was still the worst June for the industry in 17 years and a harbinger of more misery ahead.
Asia Markets: Nikkei stretches its decline to 10th session (at MarketWatch)
Most Asian markets endured another day of declines Wednesday on worries about the health of the U.S. economy and a threat to the regional economies from rising inflation. Japanese stocks stood out as the benchmark indexes in Tokyo plunged further into losses, as automotive exporters such as Nissan Motor Co. and Toyota Motor Corp. dropped after a steep decline in U.S. sales last month.
June car sales plummet for nearly all automakers (AP)
Nearly all the major automakers reported steep sales declines for June, but for General Motors at least there was consolation: Toyota, its leading international competition, had it worse.
