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You know those J.D. Power & Associates studies that you always hear about on car commercials? One of them came out today. And this one had some surprising results: Detroit is actually doing pretty well.

The survey, called the Initial Quality Study, measures the quality of new vehicles after 90 days of ownership. For years, foreign cars have largely trounced American car makers in similar quality surveys, but this year, the Big Three have improved their initial quality by an average of 10 percent. That comes even after Detroit's faced two bankruptcies and large government bailouts.

What's even more noteworthy is that the quality gap between foreign and domestic cars is now the smallest it's ever been, according to David Sargent of JD Power. Things may finally be looking up for Detroit -- at least, in the long run.

categories: Economic Scene

3:40 - June 22, 2009

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