General Motors (GM) climbed in midday trading Monday after reporting an increase in unit sales more than doubled estimates, driven by a jump in Chevrolet sales. Fiat Chrysler (FCAU) enjoyed its best month of July sales in a decade as Jeep sales climbed to records. Ford (F) reported a nearly 5% percent increase in U.S. sales in which a rise in trucks offset a drop in passenger car sales. The Dow was modestly lower, dragged on by Chevron (CVX) and Exxon Mobil (XOM) which suffered from another dive in crude oil. Commodities were under pressure on fears of further weakening of demand in China. The world’s second-largest economy saw manufacturing activity dip to its slowest pace in two years in July.
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