GM, Chrysler lead as US auto sales rise

General Motors Co GM.M and Chrysler posted U.S. sales gains of more than 20 percent for January as the two automakers that had faced collapse in 2009 shot past the industry's still-struggling leader, Toyota Motor Corp.

Overall U.S. auto sales rose 17 percent, a sign that the consumer-led recovery remained on track in the United States as well as in Europe and Asia, where car makers also reported a strong start to 2011 on Tuesday. (ID:nTOE710055]

Strong truck sales drove GM to a 22 percent U.S. sales gain, pushing its market share higher for the first time in six months.

Chrysler, which is laying the groundwork for an initial public offering of stock this year, saw sales rise 23 percent.

Read Full Article from Reuters

- Posted: 2011-02-01 21:19:19

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