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NEW YORK (CNNMoney) -- Most automakers ended a challenging 2010 with a strong sales month, raising hopes that the industry could be carrying some momentum into the new year.
American automakers General Motors, Ford Motor and Chrysler Group all posted solid gains that met or topped forecasts. Ford's gains in 2010 allowed it to recapture the position of No. 2 automaker in U.S. sales, trailing only GM, for the first time since 2006, reclaiming the spot from Toyota Motor.
GM's full-year sales increased a more modest 6%, which left 2010 as the company's second-worst sales year in decades.
And 2010 was the first year on record that GM's U.S. sales trailed those of another country, as it sold 2.4 million vehicles in China, compared to 2.2 million vehicles sold domestically.
The bailout went for naught, other than to benefit China.
As predicted, the richer Chinese would be the beneficiaries of the next generation. Also, Detroit will remain in the dumps since the cars aren't being manufactured there and thus won't be accepting applications for work.
NEW YORK (CNNMoney) -- Most automakers ended a challenging 2010 with a strong sales month, raising hopes that the industry could be carrying some momentum into the new year.
American automakers General Motors, Ford Motor and Chrysler Group all posted solid gains that met or topped forecasts. Ford's gains in 2010 allowed it to recapture the position of No. 2 automaker in U.S. sales, trailing only GM, for the first time since 2006, reclaiming the spot from Toyota Motor.
The ford fusion is holding a better value than the camry in the states also.
If I sell a widget for 9 cents and it cost me 10 cents to make, having all of the sales in the world won't mean diddlysquat.
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