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Obama’s Rescue of the Auto Industry Starts to Pay Off

Posted on September 6, 2012 by TRP

Speaking of things that President Obama doesn’t get enough credit for:

Total auto sales for the month were just under 1.3 million, 19.9% higher than a year earlier. That would put the annual pace at 14.5 million vehicles, the best of any month since the federal “cash for clunkers” economic stimulus program in August 2009 and a rate 2 million vehicles ahead of August 2011’s.

….Fuel-efficient vehicles were especially good sellers as gas prices neared or crossed $4 a gallon in much of the nation. Sales of Toyota’s Prius hybrid more than doubled to more than 21,000 vehicles….General Motors Co. said its Chevrolet passenger car sales jumped 25%, with gas sippers such as the Spark, Sonic, Cruze and Volt plug-in hybrid all posting their best-ever monthly sales.

MORE:  Obama’s Rescue of the Auto Industry Starts to Pay Off | Mother Jones.

 


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