State of Business: Where Autos Are Headed

If there is one part of U.S. business that is vibrantly healthy, it is the auto market. Sales are galloping 30% ahead of last year, production is up 50%. The country clubs of Bloomfield Hills echo with bullish snorts about a 6.6 million car year, including imports, best since 1955's fabled 7.1 million. This is important to the whole economy because autos mean steel, rubber, glass, zinc, aluminum and textiles, and also because of the popular belief that if autos roll well not too much can be wrong with business in general....

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