Ford sales fall 20%

Ford Motor Co. said Wednesday that it expects to post a 20 percent drop in January U.S. auto sales compared with the same month a year ago, largely on lower sales to rental-car companies. But the automaker said its turnaround plan is on track. Car companies report January sales Thursday. Sales by Toyota Motor Corp. and Honda Motor Co. should rise, but General Motors Corp. said last week it expects January sales to fall because of lower rental fleet sales.

[Editor's Note: Let's see if we have this right. Ford's sales fall 20% and they say their turnaround plan is on track. We wonder how many MBAs it took to come to that brilliant conclusion? They're in worse shape than we thought. Order the flowers and plan the funeral.]