Posted by Mark
The Big Three domestic automakers have been desperate to recapture the market share from foreign auto firms. Since the recession began, all three firms have been trying to boost the bottom line and get more people buying American again. The auto rebate offered by the government for buying more fuel efficient vehicles helped. General Motors Read on! →
October was a banner month for GM and Ford sales. General Motors and Ford Motor Co. both posted large profits thanks to strong October auto sales. The adjusted sales rate for October was in the double digits, and domestic automakers are reaping huge benefits. The initial public offering for GM stock is inching closer still, Read on! →
Rising gas prices are seen by some as an ill-timed threat to U.S. automakers just as the industry appears to have recovered from the recession. Shortly after U.S. automakers reported double-digit sales gains for February, gas prices rose 22 percent higher than the same time a year before. But analysts suggest that the U.S. auto Read on! →
Several years ago, the Toyota Motor Corporation unseated General Motors as the best-selling car maker worldwide. Now, General Motors has reclaimed its throne after global sales in 2011 put GM back on top. From zero to hero General Motors, according to the Washington Post, was the top-selling car maker on the planet for more than Read on! →