GM’s October sales up 4%
Rise over year-ago figure is first in almost 2 years
Wednesday, November 4, 2009
GM reported its first monthly gain in U.S. sales in almost two years on Tuesday while Toyota and Ford also improved, a sign the auto industry is starting to crawl back from a year-long slump.
Demand for new cars in October fueled better results for General Motors Co. and Detroit rival Ford Motor Co. GM’s sales rose 4 percent from October 2008, while Ford notched a 3 percent gain.
Japanese rival Toyota Motor Corp. said its sales edged up less than 1 percent. Less rosy news came from Chrysler Group LLC, whose sales fell 30 percent, though they improved from September.
“The economy is beginning to recover,” said Dana Johnson, chief economist at Dallas-based Comerica Bank. “We probably ...
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Front Section, Pages 1 on 11/04/2009
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