Don Johnson News
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Three years ago, credit was so tight that the owner of a legal firm with a $400,000 salary and a very good credit score of more than 700 couldn’t get financed to buy the car he wanted from Michael Mosser’s dealership.
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General Motors Co., Ford Motor Co., and Chrysler Group LLC finished 2011 stronger than analysts predicted, as annual U.S. auto sales reached 12.8 million in the best year since 2008, when GM and Chrysler sought U.S. bailouts.
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Consumer borrowing in the U.S. surged in November by the most in 10 years, showing households are optimistic enough to take on debt and banks are willing to lend.
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The U.S. is starting the year on a positive note, a sign that investors may be too gloomy.
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The U.S. economy is beginning 2012 on a brighter note in a sign investors may be too pessimistic.
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Payroll growth in the U.S. beat forecasts in December and the unemployment rate dropped to the lowest level in almost three years as the economy gained strength heading into 2012.
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The need to rebuild depleted inventories may supersede spending on business equipment as the catalyst propelling gains in U.S. manufacturing in early 2012.
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Industrywide U.S. auto sales may accelerate this month to a seasonally adjusted annual rate of about 14 million, the best pace this year, a General Motors Co. executive said today.
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Service industries in the U.S. expanded less than forecast in December, indicating improvement in the economy will be uneven.
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General Motors Co. stocked Jim Ellis Chevrolet in Atlanta with plenty of Silverado full-size pickups in early 2011, part of a wager on a strong economic recovery. The strategy is backfiring.
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