Sheila McKinney

Wednesday, June 8, 2011

RECENT US AUTO GAINS

Kudos to the big 3 automakers on the quick
recovery from their financial woes thanks in
large part to the successful government bailout.

General Motors, Chrylser and Ford all repaid
their debts with Chrylser's announcement that
it had repaid $7.6 billion in loans, interests
and other fees.

The auto industry has shown its strongest
period of job growth since the late 1990s,
adding 115,000 jobs.

Detroits's Big 3 had made singificant strides
toward recovery and increased relevance in
the global auto industry, having boosted
hiring, grown market share and entered
finanical stability.