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US automakers lose ground to foreign rivals

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by Richard Bravo

The Big Three automakers conceded more losses this past month, despite having the added bonus of a home field advantage. Japanese-based Toyota Motor increased its share of the US light vehicle market to 11.2% in 2003 from 10.4% in 2002 and 9.3% in 2000. The market share of General Motors, Ford and the Chrysler Group’s domestic brands slipped 1.5 percentage points to 60.2% in 2003.

Toyota also received a thumbs-up from rating agency Standard & Poor’s, which revised its outloo

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