Editor's note: This story is part of the WardsAuto digital archive, which may include content that was first published in print, or in different web layouts.

Second quarter earnings announced recently by the U.S. Big Three automakers show a continued drop in market share and revenue. General Motors Corp. says more restructuring moves are on the way for Europe following a $154 million loss there during the second quarter. GM's global income totaled $610 million down from $1.75 billion for the second quarter a year-ago. North American income dropped to $521 million from $1.4 billion year-ago. Market share in the U.S. dipped from 27.8% to 27.3%. However, retail market share actually increased from 26.5% to 27.1%.

Ford Motor Co. posted a loss of $752 million during the second quarter, thanks to a $2.1 billion tab for the Firestone tire replacement program — nearly all of which was reflected in the quarterly results. The loss also included a $201 million charge from restructuring at Mazda Motor Corp. and changes to accounting methods. But revenues also fell 5% to $42.31 billion, as worldwide vehicle unit sales dropped 7% and market share vs. year-ago declined 1.7 points in North America.

DaimlerChrysler Corp. posted a net second-quarter profit of $453 million. But that's down 69% from last year's second-quarter total of $1.48 billion. Nevertheless, forecasts for this year's second-quarter performance called for a net profit of less than half of what DC reports.

DC's Smart division and Mercedes-Benz passenger cars, propelled by its C-Class model launches, recorded worldwide unit sales of 328,798 — 6% better than 2000's total of 309,725. But despite the popularity of Jeep's new Liberty, unit sales by DC's Chrysler group fell 4% compared to second-quarter 2000 — 820,982 vs. 851,148.