Big Month for Big Three

The major stock averages rallied as automakers posted their strongest month since the government’s cash-for-clunkers incentive program at the height of the financial crisis.

To break down those August sales figures for Detroit’s Big Three General Motors sales rose nearly 15% easily beating expectations.

Ford sales rose more than 12% from the same month last year, its best August in seven years.

Chrysler had its best August in six years, with sales up 11 and a half percent, led by strong demand for its Ram pick up trucks.

Phil LeBeau reports.

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