Current+Event+1

Luke Foster  2/1/11  Period 4

 Current Event 1 "GM and Chrysler Lead U.S Auto Sales Rise"  This article written by Deepa Seetharaman and Bernie Woodall reveals to the nation how well GM and Chrysler sales are doing. I browsed yahoo ! economis news and found the article. The authors tell us, “both companies sales gains rose more than 20 percent for January as they both faced collapse in 2009.” This is big news because TOYOTA usually leads the way in most categories especially sales. We all know the economy isn’t doing so well but with the overall U.S auto sales rose 17 percent, which shows we are slowly finding the track to recovery.  I understand the auto market is doing better but the economy consists of far more companies and such than just car sales. So what I’m trying to say is that its great that the auto industry is up but there is still a long climb until the economy is stable. As the article comes to an end it states how oil prices are rising which could trigger a downfall once again. This article taught me about the billion-dollar auto industry and what companies are trying to do to stay afloat.

 @http://news.yahoo.com/s/nm/20110202/bs_nm/us_autos