MONEY (MSM)

U.S. auto industry headed for record sales in 2015: GM

The U.S. auto industry is on track for a record year of annual sales, General Motors Co (GM.N) said on Tuesday, as the top U.S. automaker and its rivals reported October sales that far exceeded expectations. GM said the six-month rolling average for U.S. auto sales is 17.8 million vehicles on an annualized basis, which means the industry is on its way to beating the 1999 annual sales record.