Excerpt
MARGARET WARNER (Newshour): 2011 turned out to be the strongest year for Detroit's major automakers since the financial crisis hit in 2008. Nearly 13 million vehicles were sold here last year, 10 percent more than the 11.5 million in 2010 and far more than the 10.4 million sold in 2009, which had marked a quarter-century low.
What's more, the three major U.S. automakers captured 47 percent of the total market in 2011, up from 45 percent in 2010. The two automakers bailed out in 2009 showed a healthy jump in sales, Chrysler up 26 percent and GM up 13 percent. Ford's sales were up 11 percent.
For more on Detroit's steps toward recovery, we turn to David Shepardson. He covers the auto business for Detroit News.
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