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To: laura_bush who wrote (272724)	1/5/2004 9:21:43 PM
From: UnBelievable	Respond to of 436258

WSJ(1/6) US Car Makers Lose Market Share DETROIT -- Detroit's Big Three auto makers, despite record levels of discounts and other aggressive efforts to win customers, surrendered market share to foreign rivals in 2003. (Not to mention a record low dollar )The trend continued at General Motors Corp. and Ford Motor Co. last month, as overall vehicle sales slipped. The loss of market share was a particular setback for GM, which had hoped to mark its third consecutive year of gains following a decade of market-share declines. The world's biggest auto maker ended the year with 28.3% market share, down from 28.7% a year earlier. Ford's share eased 0.7 percentage point to 20.8%. And Chrysler, a unit of DaimlerChrysler AG, gave up 0.3 percentage point of share, ending the year with 14.1% of the market. The biggest rival was Toyota Motor Corp., Japan's biggest auto maker, whose U.S. market share grew to 11.2% last month from 10.4% a year earlier. Collectively, the Big Three share of the market dropped to 63.2% from 64.6% when the year started. The loss of market share represents a setback to the unionized U.S. manufacturing operations of GM, Ford and Chrysler, which employ about 290,000 United Auto Workers members in the U.S. Overall, the U.S. auto industry, including foreign-owned factories, accounts for about 4% of the nation's gross domestic product.