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Out of the Coma, But Still Convalescing
JOHANNESBURG, SOUTH AFRICA--(Marketwire - May 27, 2010) - www.rothmanresearch.com - If there is one industry in the United States that had been shaken to the core and had flirted with demise up close and personal during the 2008-2009 financial meltdown it would be the automotive industry. Government bailout funds helped major players in the industry avoid outright bankruptcy, but this came with a price for automakers which signed for the monetary plan -- serious restructuring. With the economic environment gradually shifting towards recovery, the automobile industry started to see a slight pickup in business. The lesson from past stubbornness was learnt as many American automakers embraced new customer friendly and fuel-efficient technologies and began to focus on new markets like China and India, countries where the upper middle class population was growing and with it the demand for cars.
View More : http://www.marketwire.com/mw/release.do?id=1267197&sourceType=3
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