GM, Ford sales nosedive again in February

Just call it MOTS: more of the same. General Motors' (GM) and Ford's (F) February sales came in at abysmal levels, as expected, as the Big Three attempt to make their case for additional federal assistance.

GM's February light vehicle sales (cars and light trucks) fell 53% to 126,170 from 268,737 a year ago. Ford's fell 48.2% to 96,044 cars and trucks from 185,294 a year ago. GM and Ford's shares were essentially unchanged on the news, but investors should keep that in perspective: the pair's shares have fallen so much, they're now at levels that reflect little investor confidence in their operations. GM's shares rose seven cents to $2.08, while Ford rose one cent to $1.89.