Kiplinger reports:
Another sign the economy is pulling out of its funk: improving car sales. Look for about 12.5 million cars, SUVs and pickups to be sold by year-end. That’s 500,000 more than had been expected just a few months ago and would represent a 20% rebound from dismal 2009 sales.
That’ll help put most carmakers, including Ford, solidly in the black again, allowing them to earn a profit, despite fewer cars coming off assembly lines. But not General Motors and Chrysler. They’ve still got too far to climb...
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