SOURCE: The Bedford Report

The Bedford Report

November 24, 2010 08:46 ET

Is the Auto Industry's Recovery a "Success Story?"

The Bedford Report Provides Analyst Research on General Motors & Ford

NEW YORK, NY--(Marketwire - November 24, 2010) -  Following GM's massive IPO last week, opposition to the government's bailout is falling rapidly. According to a Rasmussen Reports national survey, less than 50 percent of Americans still believe it was a bad idea to bail out GM and Chrysler. In recent quarters the auto industry has seen auto sales improve across the board, with a notable increase in the highly profitable large vehicle segment. Companies have started investing again, with upcoming electric vehicle lines generating a lot of interest. This is a marked improvement upon the situation the industry found itself in just over a year ago, with companies facing bankruptcy, plants closing, and investment at a standstill. The Bedford Report examines the outlook for companies in the Major Auto Manufacturers Industry and provides research reports on General Motors Corporation (NYSE: GM) and Ford Motor Company (NYSE: F). Access to the full company reports can be found at:

President Barack Obama is one of the most notable promoters of the auto rebound, claiming "one of the toughest tales of the recession took another big step towards becoming a success story." In total, the US government gave the auto industry an $85 billion bailout with close to $50 billion going to GM. Obama argues that following GM's IPO "American taxpayers are now positioned to recover more than my administration invested in GM".

GM has made $4.77 billion in the first three quarters of this year. Its debt has fallen from $54.4 billion before the rescue to $15.6 billion.

The Bedford Report releases regular market updates on the Major Auto Manufacturers Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us for free at and get exclusive access to our numerous analyst reports and industry newsletters.

GM's IPO last week marked the end to Ford's ride as the only publicly traded major domestic automaker. Going forward, GM's CEO Dan Akerson believes that "the desirability of the product" will help people decide whether Ford or GM is the better investment.

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