General Motors Sales Drops 1.7%, Here's Jim Cramer's Take
Jim Cramer is watching subprime lending in the auto sector.
General Motors (GM) - Get Report sales in October fell 1.7%, and TheStreet's Jim Cramer says the auto industry is facing some challenges. Cramer says he's watching subprime lending, which he says is down for the third straight month. But on the plus side, he says China is a bright spot for automakers. Some analysts had expected GM to report a steeper drop in sales. Meantime, Ford (F) - Get Report delayed its auto sales report, due to an electrical fire that disrupted power to its headquarters.
