President Barack Obama was in Ohio Monday, talking to supporters in Cincinnati’s Eden Park about an auto exports complaint the administration filed today against China with the World Trade Organization.
Detroit’s Big Three automakers recorded some of the best sales results in years last month, as warmer weather, low interest rates, and appealing fuel-efficient cars attracted customers to dealerships.
Automakers reported large gains in sales in November, as an early round of heavy promotions helped move cars out of dealerships at a faster pace than expected.
Big Three automaker General Motors Corp. posted a quarterly loss of $6 billion in the first quarter of 2009, as nervous consumers shifted away from the ailing automaker to other competitors.
Shares of General Motors Corp. jumped again last Friday by almost 6 percent on news that the federal government will not push the troubled automaker into bankruptcy.