GM Sales Sputter; Ford Ekes Out Gain

Updated from 12:40 p.m. EST

In a role reversal, General Motors (GM Quote) reported an 11% plunge in November U.S. auto sales, while rival Ford (F Quote) managed to eke out a gain for the month.

GM reported Monday that it sold 261,273 light vehicles in November, down from 293,558 a year earlier. Car sales slid 4.5% to 105,077 vehicles, while light-truck sales plunged 15% to 156,196 trucks.

The sales decline was GM's first after three straight months of gains. Shares were sliding $1.03, or 3.5%, to $28.80. ...