It may only seem like yesterday that the global car industry was falling apart faster than a Hollywood marriage, but that's old news apparently.

The last couple of days seems to have been all about recoveries and stabilisation - suddenly the glass in half full again.

Rightly, we should be sceptical of any claims of green shoots of recovery, but the good news does seem to be everywhere.

The Honda factory in Swindon reopened a few days ago after a four-month shutdown due to a collapse in demand for new cars.

Ford is set to increase US production of cars and trucks by ten per cent year on year, in a bid to gain market share from rivals Chrysler and GM.

And there's more - the restructured Chrysler is getting ready to re-open most of its factories by the end of June.