General Motors Co. lost U.S. market share to Ford Motor Co. and Toyota Motor Corp. in December as the government-controlled automaker failed to take advantage of improving consumer demand.
GM light-vehicle sales fell 5.7 percent, worse than analysts’ estimates, after it trimmed deliveries to fleet customers and worked to wind down half of its 8 domestic brands. Ford sales soared 33 percent last month, and Toyota jumped 32 percent, the automakers said yesterday.
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