Car sales in the United States have increased sharply, especially sales of Japan's Toyota.
Toyota says its US sales jumped by nearly 41 percent in March. Its sales had dropped significantly after it had recalled millions of cars around the world due to faulty accelerator and break pedals. To boost its sales, Toyota is offering substantial discounts and zero interest loans.
Sales by US car makers were also up significantly. Ford sales rose by 40 percent, General Motors sales by more than 20 percent.
Toyota - New York International Auto Show
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GM is getting better now. They are able to pay the money that they had borrowed before as they gain in the first quarter of 2010 for the first time in three years. Additionally they were able to make a repayment back on the auto bailout money they received from the Government. This shows good strides for the auto maker's part, however they aren't free from debt yet. The Government still owns most of the business, and GM won't get full ownership back until the business will go public again then sell its shares. They forecast to be able to do that by the end of the year.
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