The Traderszone Network

Published in TZ Latest News 10 January, 2016 by The TZ Newswire Staff

Detroit’s auto industry is changed, but not as Washington planned

“We said the auto industry would have to truly change, not just pretend that it did,” the president said Saturday in a weekly radio address devoted to Detroit. The ‘Detroit Three’ automakers racked up record sales and profits in the U.S. market last year not because of electric cars or plug-in hybrids, but because of soaring demand for pickup trucks and sport utility vehicles fueled by gasoline prices that hit multi-year lows.