Automakers' stop-and-go recovery

Newswire

The U.S. auto industry is expected to post a second straight year of sales gains in 2011, with some analysts calling for industry sales to reach 12.7 million vehicles, compared with 11.6 million in 2010. U.S. auto sales have been trending higher since June, despite the still-weak employment and housing markets. In an encouraging sign for industry profitability, the sales pace in November hit a two-year high despite lower spending on discounts by the automakers compared with a year earlier. ...

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