After hitting a 30-year low in 2009, U.S. auto sales are poised for a second straight year of growth in 2012 — the result of easier credit, low interest rates and pent-up demand for cars and trucks created by the Great Recession.
The sales forecast bodes well for the industry's continued recovery and for the broader American economy.
Just two years ago, Detroit automakers were in peril. Car sales plunged as unemployment soared, and loans became harder to get. Chrysler and General Motors filed for bankruptcy protection. Ford avoided bankruptcy only by borrowing billions.
Edward Lewis of Council Bluffs waved an Iowa state flag outside the Family Table Restaurant in Atlantic on Sunday, before the arrival of former Massachusetts governor and Republican presidential candidate Mitt Romney.
Originally published on Mon January 2, 2012 1:11 pm
Those who remember newspapers might recognize this as a "clip and save." Maybe the more modern term would be a "cut and paste." Whatever, if you want some of the details and logistics about Tuesday night's caucuses in Iowa, here they are:
Monday morning in Iowa, I caught up with Mitt Romney's strategist Eric Fehrnstrom after the campaign's first event of the day, a speech at the Mississippi Valley Fairgrounds in Davenport.
In the last hours before Tuesday night's caucus, Fehrnstrom said, the former Massachusetts governor plans to consolidate his support by visiting areas in the eastern part of the state where he had a strong showing in 2008 — places like Dubuque and Cedar Rapids.
The Newt Gingrich campaign bus is rolling again Monday morning, leaving Waterloo, where the candidate spent the night and heading straight east to the small town of Independence. The venue? Heartland Acres Agribition Center, a modest-size exhibition hall for small, regional agribusiness conferences with a lot of interesting old farm implements on display, and a shop with some pretty cool toy tractors.
Originally published on Mon January 2, 2012 2:13 pm
(The top of this post was rewritten at 3:15 p.m. ET.)
Authorities in Los Angeles just announced they've made two arrests in connection with the more than 50 fires that had been set in the city in recent days, causing several million dollars worth of damage but no serious injuries.