Archive for January 11th, 2012

January 11, 2012

The Daily Scoop: Once struggling U.S. auto market now industry bedrock

(Reuters) – Welcome to an unlikely beacon of hope for the global auto industry — Detroit.
Executives arriving this week for the Detroit auto show find a U.S. car market that has morphed from meltdown three years ago to a safe haven as concerns grow about the stability of other big economies, from Europe to China.
Analysts and executives expect 2012 U.S. auto sales to grow 4 percent to 9 percent, the third consecutive annual gain.
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