But despite near record autosales, Ford, the nation'snumber twoautomaker decided tocut its dividendinhalf to 14 conservecash due to the uncertain environment.
During the quarter, GM continued its recent pattern of making money in the U.S. and Asia but posting big losses in Europe as the economy there continues to cut into auto sales.
And that's why today I'm designating a new Director of Recovery for Auto Communities and Workers to cut through the red tape and ensure that the full resources of our federal government are leveraged to assist the workers, communities, and regions that rely on our auto industry.