Economy Apr 03

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Why Auto Sales Surge Even as Gas Prices Rise

Auto industry sales jumped 6 percent in March with almost 1.4 million new cars and trucks sold -- the highest number since 2008, according to new reports released Tuesday amid Detroit's $200 million deficit. Gwen Ifill and David Shepardson of…

General Motors announced Monday that it will begin repaying $6.7 billion in government loans before the end of the year and could pay back the full amount as early as next year, five years ahead of schedule.

Question: I don’t understand the auto industry crisis. I infer that it is because we’re in a recession, and not many people are buying cars. Is that all of it, or is there something more? Paul Solman: Are you talking…

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