Slip Slidin' Away At General Motors

How low will its market share go? A dwindling lead over Ford

Last June was a grim time at General Motors Corp. The company's share of U.S. light-vehicle sales skidded to a 71-year low of 28.4%. GM executives were quick to place the blame on short supplies caused by strikes at two key plants and the startup of manufacturing of nearly a dozen new models. GM brass promised that by fall, the shortages--and the decline--would end.

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