Posted by Yen Ho
Written by Kendra Marr
Only in America's beleaguered auto industry could a 37 percent drop in sales signal good news.
After months of falling sales pushed some U.S. automakers to the brink of collapse, a slight uptick in March compared with February brought a glimmer of hope that the auto industry may have already hit bottom.
"It's maybe a little tiny sign of life," Jim Press, Chrysler's vice chairman and president, said in a conference call. "It's kind of like a little seedling you have to nourish. It's too early to tell. Customers are worried. There's still a lot of bad news out there. But it isn't continuing to be worse, worse, worse."
Read more
