Toyota, Chrysler See Big April Sales Gains
Automakers reported their sales Tuesday. Toyota and Chrysler saw big U.S. sales gains in April, but they came at the expense of General Motors and Ford.
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GM Records Its Highest Profit Ever: $7.6 Billion
General Motors earned its largest profit ever in 2011, two years after it nearly collapsed into financial ruin. Strong sales in the U.S. and China helped the 103-year-old carmaker turn a profit of $7.6 billion, beating its old record of $6.7 billion in 1997 during the pickup truck and SUV boom.
Automakers Report Strong August Sales
Fears that car buyers would stay away from dealerships in August never materialized. Instead, Americans were lured by new models, cheaper financing and the need to replace aging cars, boost August sales by 7.5%.
