Look behind the dollars, however, and the news isn't so encouraging. After seemingly stabilizing their 2011 home-market positions, General Motors and Ford are losing market share again. The losses highlight some familiar facts: Outside of some traditional domestic strengths like pickup trucks and pony cars, Detroit is having a hard time competing head-to-head against ever-strengthening foreign competitors.
Whether the slump is temporary or the continuation of a five-decade slide isn't clear yet. Some see the U.S. market increasingly coming to mirror Europe's of the 1990s, when six automakers each controlled a similar share of the business. Regardless, it means that Detroit has to shore up its core model lines while it fights off competitors in battleground segments like mid-size sedans and small crossovers. Some sources of worry:
Most car guys would deny it, but autos are partly a fashion business. Here are 10 autos that are ready for a full makeover.
|Stocks falter as budget deal raises taper risk|
|Teen millionaire helping Yahoo become cool again|
|"The Hobbit" dispute sparks lawsuit|
|Obamacare: 365,000 have signed up for insurance on exchanges|
|What the budget deal doesn't do|