Auto Industry Success Continues, Further Vindicating Obama Rescue

[NYC_SKP]

By Pat Garofalo on Dec 22, 2011 at 9:00 am

Though the economy has struggled throughout 2011, one sector that saw some significant improvement was the American auto industry. In fact, about one million more cars are expected to be sold this year than last year, and American automakers are once again claiming a larger share of the American auto market than their foreign competitors:

After selling roughly 11.8 million cars and trucks last year, U.S. vehicle sales to businesses and consumers are expected to hit nearly 12.8 million in 2011…That’s up from 10.6 million at the height of the Great Recession in 2009. Through November, new-vehicle sales had logged six straight months of year-over-year gains. That should continue in December, when 1.2 million vehicles are likely to be sold.



In addition, U.S. and foreign automakers “are poised to add nearly 167,000 U.S. jobs by the end of 2015.” “The industry has pretty much hired back just about everybody from the automotive side that had been laid off. And now they’re hiring fresh, so they’re actually adding to their rosters. And it’s not just the Detroit automakers. It’s everybody,” said Aaron Bragman, a senior analyst at IHS Automotive.

http://thinkprogress.org/economy/2011/12/22/394265/auto-industry-2011/

:patriot:

[KoKo]

1. Hey "Skip" ...

That is indeed a "Patriot Post."

[NYC_SKP]

2. I love the patriot icon... That one and the "party" one!

:party:

:hi:

[lbrtbell]

3. That's good news

Now, if only GM would stop shipping their cars with that DexCool antifreeze that eats its cars apart from the inside out, everything would be perfect.

(It just cost us $1500 to fix the damage to the manifold, alone. We're looking to connect with the people involved in the class-action lawsuit over it.) :(