After struggling just to survive for much of 2009, the U.S. automotive industry is showing surprising signs of life in early 2010, as surges in foreign demand and better-than-expected domestic results give the struggling sector a boost. While it’s far too early to tell if the turnaround will be sustainable or is simply a blip on the radar, recent developments have investors revisiting a sector that was once left for dead. While this is obviously good news for the “big 3″ (or perhaps more appropriately, the “medium six”), a potential resurgence for carmakers could impact numerous asset classes, as evidenced by platinum’s mini-rally in the first session of 2010. [click to continue…]
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