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.

With its fortunes tethered to volatile natural gas and oil prices, Russia has suffered record inflation and unemployment in the global financial crisis. In the second of her series of reports from Russia, Margaret Warner examines the country's economic picture.