GM, other automakers on road to grim year in sales (Los Angeles Times)

U.S. sales fall 13% in July. Companies blame pickup trucks, SUVs and tighter credit. GM reports a huge quarterly loss. A 25% decline in sales of light trucks and sport utility vehicles in July dragged the auto industry to one of its weakest months on record, with results announced by carmakers Friday providing more evidence that 2008 could be among the worst years ever.