Posted by Linda H on 11:27:00 AM
Many of the biggest carmakers reported double-digit sales gains last month compared with a year earlier. Americans continued to replace their aging vehicles even though economic news was mostly downbeat.
Chrysler reported a 30 percent increase, followed by VW at 28 percent and Nissan at 21 percent. Ford sales rose 13 percent and GM was up 11 percent.
The results show that pent-up demand is overpowering any fears about the economy, analysts say. Unemployment in May rose for the first time in 11 months, increasing slightly to 8.2 percent. The stock market had its worst month in two years, and consumer confidence was shaky.
Posted by Linda H on 6:43:00 AM
Posted by Linda H on 6:40:00 AM
Posted by Linda H on 6:02:00 AM
T
he automobile industry has been a consistent bright spot in the American economy over the last several months, as automakers have added jobs to meet growing demand. And news from the industry is only getting better, as new estimates expect automakers to sell 14.3 million cars in the United States in 2012 — 1.5 million more than they sold last year.Factories for both foreign and domestic automakers are now working “at maximum capacity” and the industry is adding shifts and jobs to keep up with that rising demand, the USA Today reports:
Apple Needs to Make it in America
