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US Auto Sales Reach Five-Year High

US Auto Sales Reach Five-Year High

KAREN BLEIER/AFP/Getty Images(NEW YORK) — U.S. auto manufacturers, as it turns out, did quite well in 2012.  Sales climbed 13.4 percent to 14.5 million cars and light trucks sold — a five-year high.It was a big year for Chrysler — the company i…

Auto Sales Hit Highest Level Since Early 2008

Auto Sales Hit Highest Level Since Early 2008

iStockphoto/Thinkstock(NEW YORK) — Car and truck sales in the U.S. have hit their highest level since February of 2008, according to Autodata. Of the Detroit three, Chrysler had strong sales, showing a 12-percent increase compared to a year ago. …

Ford, GM, Chrysler Report Strong August Sales

Ford, GM, Chrysler Report Strong August Sales

KAREN BLEIER/AFP/Getty Images(WASHINGTON) — Consumers may still be exercising caution when it comes to spending money on some things, but last month’s auto sales showed that new cars isn’t one of them.August was a hot month for the auto in…

GM, Ford Sales Slip in July; Chrysler, Others Report Strong Month

GM, Ford Sales Slip in July; Chrysler, Others Report Strong Month

iStockphoto/Thinkstock(NEW YORK) — Any worries Americans have about the economy fail to dissuade them from buying cars.  Chrysler had a banner July, with sales up 13 percent. Volkswagen posted a 27 percent jump. Toyota saw a 26-percent rise. And …

Automakers Report Better-than-Expected June Sales

Automakers Report Better-than-Expected June Sales

iStockphoto/Thinkstock(DETROIT) — American consumers may be cautious about spending more money but they are buying new cars. From fuel efficient small cars to monster pickups, sales are up. Both U.S. and foreign automakers reported better than expecte…

GM Reports $1B in 1Q Profits, Despite Troubles in Europe

GM Reports $1B in 1Q Profits, Despite Troubles in Europe

Bill Pugliano/Getty Images(DETROIT) — General Motors earned $1 billion in profit in the first quarter of 2012, beating expectations thanks in part to strong U.S. sales, the company announced Thursday.GM is still 33.3 percent owned by the U.S. governme…

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