Just a couple weeks ago, we got the new auto sales reports for November.
From the Wall Street Journal:
U.S. car makers reported a surprisingly strong month of sales on Thursday, with trucks boosting General Motors and Chrysler enjoying its best November since 2007.
Ford Motor Co. F -0.54% , Toyota Motor Corp. TM -0.40% and Nissan Motors NSANY -1.31% also fared well, while Honda Motor Co. HMC +0.09% took another hit.
Overall, the industry reported a SAAR (seasonally adjusted annual rate of sales) of 13.6 million units, according to Autodata, up from 12.28 million in November 2010. Total deliveries rose 13.9% from a year earlier.
GM GM -0.63% , still the biggest of the group in the U.S., said it sold 180,402 cars and trucks, paced by a 34% increase in sales of the Chevy Silverado and a 22% rise in sales of the GMC Sierra.
Back in November of 2008, former Governor Mitt Romney wrote an op-ed in the New York Times titled "Let Detroit Go Bankrupt." He argued that "in a managed bankruptcy, the federal government would propel newly competitive and viable automakers, rather than seal their fate with a bailout check." It seems that Mitt Romney, a money guru, could quite possibly have been completely wrong.








The Republicans knew what they wanted to happen , they wanted an all out depression , they wanted no democrat in the White House for the next fifty years . I for one am glad that they didn't get what they wanted . Also remember the clunker car exchange program .
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