NEW YORK (CNNMoney)–U.S. automakers all three are on track to become a profi 2011 when they reported the results in the coming weeks. It is something that has not happened since 2004.
General Motors ( Fortune 500) is expected to post a 26% increase in profits to an estimated $ 6.1 billion.
Ford ( Fortune 500) profit is expected to come in about $ 7 billion, up from $ 6.6 billion it made in the year 2010, the car the best performance since 1999.
And after posting losses last year Chrysler said it would swing to a profit. The company is in the midst of turnaround is remarkable, especially considering that during the darkest days of the company seems to be destined to disappear. (Smart car)
Good times are here again? Analysts are in broad agreement in predicting better industrywide sales in 2012 and beyond. They saw sales rise of 12.8 million by 2011 for between 13.5 million to 14 million this year and close to 15 million in 2014 or 2015.