Editorial: Original Big Three are re-invigorated

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The original Big Three of the U.S. auto industry have a bright outlook, which an Eastern Michigan newspaper states will be beneficial to the state.

For the first time in seven years, Ford ( F ), General Motors ( GM ) and Chrysler captured a larger market share from the foreign competition, according to The Times Herald of Port Huron. Their market share grew in excess of 11 percent to 11.6 million automobiles while combined sales shot up at least 13 percent.

"The Big Three aren't the same giants they once were, but they still are key to the state's economic recovery," the editorial states. "Their progress is welcome news."

While GM and Chrysler were nearly crippled by bankruptcies, Ford never took on bailout funding from the U.S. government. Ford leapfrogged ahead of Toyota ( TM ) to become the second-biggest seller in the U.S. and it announced the next 24 months will see it hire 7,000 additional employees. The top seller in the U.S. is GM.

As the 2011 North American International Auto Show prepares to wrap up this Sunday, an optimism is permeating the three companies that helped sustain the

"This year's version has marked new hope for the U.S. auto industry," the editorial states of the auto show. "There still is a long way to go."



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Personal Finance , Business

Referenced Stocks: F , GM , TM

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