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Non-Tech : Banks--- Betting on the recovery
WFC 86.11-0.1%2:37 PM EST

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From: tejek3/30/2010 5:34:47 PM
   of 1428
 
Auto sales soaring on incentives

Aggressive tactics are drawing customers to Toyota, Ford and Hyundai. But will it last?

March 20, 2010|By Jerry Hirsch | SPECIAL TO THE MORNING CALL

March is turning out to be a torrid month for auto sales.

Several projections place the annual sales rate at 12 million to 13 million, which would be 20 percent to 30 percent above the pace of the first two months of the year.

Retail sales have taken off, in part because of the steep sales incentives Toyota Motor Corp. is using to regain market share lost to its recent large recalls and subsequent dip in quality and reliability perceptions.

articles.mcall.com
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