Major automakers are expected to post steep declines in U.S. sales for May, as the spike in gasoline prices battered an industry already reeling from weak consumer confidence and tighter credit.
Weak U.S. sales in May would add to growing concerns that the world’s largest market for vehicles is headed for a deeper downturn this year, [...]

U.S. auto sales failed to gain traction in May, with General Motors (GM - Cramer’s Take - Stockpickr) and Ford (F - Cramer’s Take - Stockpickr) reporting hefty declines for the month.
GM, the nation’s No. 1 auto seller, said auto sales fell a greater-than-expected 30% in May to 272,363 vehicles. Truck and SUV sales dropped [...]

DETROIT%26All major automakers except for General Motors Corp. saw their U.S. sales drop in January to start what industry analysts have predicted will be the worst auto sales year in the United States in more than a decade. GM, led by strong crossover vehicle sales, reported an increase of 2.6 percent [...]

By Marcel Michelson
DETROIT (Reuters) - German luxury car brand Mercedes-Benz unveiled a small sports utility vehicle (SUV) on Saturday to pursue a profitable niche market as more carmakers target upgrades in off-road models for urban drivers.
The Mercedes Vision GLK Freeside is a concept car. But a vehicle similar to it will [...]