Three years ago, when the price of gasoline shot past $4 a gallon, Detroit's automakers were trapped.
They couldn't give away the boatload of trucks that had long been the bread and butter--and profit generators--of the Detroit 3. With gasoline prices rising and with scant offerings in the small-vehicle segment, Detroit's sales plunged even before the financial crisis invaded in September 2008.
Last week, oil passed $100 a barrel, and gasoline prices rose to $3.50 a gallon in some markets. This time the Detroit 3 are in a better position to make money and not give … Read more