The U.S. auto industry passed two dismal milestones in July, as the domestic Big Three market share slips below 50% for the first time ever and the Honda brand passes Chrysler Group in sales for the second time in 12 months. Japanese rivals Toyota Motor Corp. and Honda Motor Co. Ltd. finished in the top four in sales in the month, driving foreign market share up to 50.7% and leaving the struggling Detroit-based auto makers a mere 49.3% piece of the pie, Ward’s data show. The two Japanese ...

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