Light Vehicles: An improving employment and income climate allow sales to gain ground over the near term. Ford, GM, and Toyota will fight for top sales spot. We believe GM will ultimately come out on top. Chrysler will pull through, but the situation will remain tenuous for several years. The sales mix will continue to trend to smaller vehicles, but this will not be a seismic shift. There will still plenty of demand for full-size pickups and large cross/utility vehicles.
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