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Wednesday, July 13, 2011

The Rebirth Of The U.S. Auto Industry? Not So Fast

Over the past year, story after story has touted the rebirth of the U.S. auto industry. Ford Motors, which unlike General Motors and Chrysler survived the 2008-2009 crisis without taking bailout money from the federal government, has enjoyed a string of positive reviews, and its earnings and revenue are higher than at any point since the 1990s.

The industry did pull out of its death swoon. But there’s a large gap between surviving and thriving, and while the industry may have achieved the former, it’s a long way from the latter.

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1 comment:

Anonymous said...

I'll buy Ford, but not the others. They did it the right way; suffered and rebuilt themselves. Unlike Chrysler and Government Motors.