5 of 7
BACKNEXT
Autos
Few industries were hit harder by the recession than the auto industry. Some of the strongest companies, such as Toyota, lost money. Two of the industry's weakest players -- GM and Chrysler -- were forced into bankruptcy.

Auto sales have gotten better in recent months. Sales were essentially flat in October -- an encouraging sign since sales were not artificially boosted that month by the government's Cash for Clunkers program. Automakers are even ramping up production in the fourth quarter to replenish decreased supplies at dealerships.

Most forecasts are for modest improvement in sales across the industry in 2010. But that's contingent on an economic recovery taking hold. If job losses continue to mount and credit stays tight, the industry could be in for another year of weak sales and widespread losses. And that would likely mean more plant closings and layoffs, which in itself would be another blow to the overall economy.

NEXT: Housing

Last updated November 16 2009: 12:08 PM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
7 quirky luxury products for the super rich Take a look at some of the most unusual luxury products being marketed to the top 1% in Monaco, including a rotating sunbed, hand-made wooden skis and fur coats for dogs. More
Five things to know about Putin's Russia An economic crisis, Western sanctions and a comeback currency: What's going on in Russia? More
9 up-and-coming collectible cars They're relatively cheap now but these models have already caught collectors' eyes and are expected to increase in value in years to come More

Special Offer