GM, Ford, and Chrysler Post Solid Gains This Year

Posted Jan 4, 2012

The three Detroit automaker companies have announced strong sales in the past year, especially due to increased consumption in December. GM posted a 4.5% gain in December, which gave them a 13% rise in sales for the year. Ford posted the best December sales in five years, which led to an 11% sales gain for the year. Chrysler posted the largest gain as December sales rose 37% and full year sales rose 26%. If these increases in market share hold up against Toyota, then it would be the first time since 1988 that all three Detroit companies posted market share gains at the same time. [CNN]