vehicle sales have rebounded to the robust levels
That strength has boosted shares of other automakers, too, including Ford
resource Motor Co., which prided itself on eschewing government funds, as well as Honda, and Toyota, whose shares bounced back after a decline related to recall troubles earlier this year.
In Canada, vehicle sales have rebounded to the robust levels from a decade-ago. Improvement continues more slowly in the U.S., where average sales are still down by more than a quarter from the previous decade. Sales in emerging markets are at record highs.
“It comes down the fact that we have growing middle class in these countries,” said Carlos Gomes, an economist who follows the auto industry at Scotia Economics. “You can see the tremendous potential for growth there.”
