Car Sales: Signs of Hope Amid April's WreckageBy
April was a pileup for the auto industry, what with Chrysler's bankruptcy, General Motors' (GM) fight to avoid the same fate, and overall U.S. sales that plunged 34% from a year ago. But there were pockets of good news: Ford Motor's (F) sales topped Toyota's (TM) for the first time in a year. The Dearborn (Mich.) carmaker posted its fifth gain in retail market share over the past six months. And even Chrysler suffered only marginally worse than the industry as a whole after spending the month on death watch.
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