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Article: GM, Ford sales up; yearlong slump at an end? October figures; Automakers' mood in stark contrast to a year ago.(Business)
- Article from:
- The Seattle Times (Seattle, WA)
- Article date:
- November 4, 2009
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Byline: The Associated Press
DETROIT -- After months of roller-coasterlike sales, the auto industry offered signs of recovery from its yearlong slump on Tuesday, as most automakers reported higher levels of U.S. sales in October.
GM, the largest U.S. automaker, reported its first monthly sales gain in almost two years, while Hyundai and Subaru were huge winners, thanks to their popular models and fuel-efficient sedans.
Other top automakers -- Toyota, Ford, Nissan -- also posted higher sales.
The mood was in contrast to a year ago, when consumers were frightened away from showrooms by the early effects of the financial meltdown, ...