I realize it goes without saying, but times are tough for American auto makers, really tough in fact, and for Ford (NYSE: F), the company does not see things changing any time soon, and is predicting another disastrous month for December sales for the ailing auto industry.The company announced today that it believes when final December sales figures are released, we are going to see a horrible month, with Ford estimating that industry-wide, December sales will probably be around 35% lower than the same period last year.
When you consider the estimated December numbers you can start to get a feel for just how bad 2008 has been. Consider this: in 2007, industry-wide sales of light vehicles in America totaled 16.2 million. In 2008, that number is expected to drop dramatically down to around 13.2 million light vehicles in reaction to lower consumer spending and tightened credit lending.
Why is gold making a new high, trading at $1,118.00 per ounce?
Chasing Value: Ten stocks for 2010 -- Part 1 
Closing Bell: A six-day rally (AIG, REGN, M, MOT, PALM, RIMM)
