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'Government Motors' No More: GM Comes Full Circle

General Motors being added to the S&P 500 at the close on June 6th (replacing Heinz ) is more good news for GM, as the stock orbits a two year high in early Wall Street dealings. GM May sales were up 3.1 percent. May light vehicle seasonally adjusted annual rates are now at 15.3 million, well above last year's numbers (13.9 million). and even better than April's 14.9 million.

Toyota hikes profit forecasts on strong sales, weakening yen

Among Japan's big three automakers — Toyota, Nissan Motor and Honda Motor — analysts see top seller Toyota as the most likely to benefit from a weakening yen because it has the highest ratio of production in Japan, more than half of which it exports.
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