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auto industry outlook
Suddenly, US Automakers Are Doing Just Fine
By David Knowles - AOL News(Nov. 3) -- Back from the brink. The Big Three U.S. automakers posted solid sales in October, roughly two years after two of them received massive bailouts from the Obama administration. Ford said its October profits were up 19.2 percent from the year before, Chrysler saw a 37 percent jump and General Motors notched a 3.5 percent annual sales gain, The New York Times reported. Sponsored Links By comparison, Toyota saw a 4.4 percent drop in year-over-year October sales from 2009 to 2010, The Wall Street Journal reported, though the company has seen an overall increase in sales of 0.6 ...
Expla-Nation: Auto Industry Bailout
By Tommy Christopher - Politics DailyEvery once in a while, a news story becomes so dense and complicated that you could use a little cheat sheet to follow the discussion. We'll endeavor to help you out by outlining the key points in the discussion, and presenting our own opinion in our new series Expla-Nation. The current lame-duck Congress will be considering proposals to bail out the beleaguered US auto industry this week, most urgently, General Motors. Opponents of the bailout say we should let GM go bankrupt, and allow something better to arise from the ashes. PROSFrom Jeffrey Sachs at WaPo, here's the pro-bailout side: ...
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