Nov05
Models On Their Way Out
* Jeep Patriot (end of 2012) * Jeep Compass (end of 2012) * Jeep Commander (end of 2010, may continue being sold internationally) * Chrysler PT Cruiser (end of 2010) * Dodge Dakota (mid 2011) * Dodge Caliber (mid 2012) * Dodge Viper (mid 2011, may return in 2012)
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Nov04
Chrysler Group's new vehicles will be American on the outside with a lot of Fiat on the inside.In a wide-ranging presentation today, Chrysler executives unveiled a two-pronged strategy for the next five years. The U.S. automaker will rework many current vehicles next year while working on new vehicles with Fiat powertrains and platforms for the following few years. Chrysler's dismal U.S. sales in October -- down 30 percent, for a 22nd straight month of decline -- underscored the...
Nov03
Tomorrow, we'll get the official skinny from Chrysler on what the automaker's product plans are over the next few years. As the Fiat-directed new (and new again) Chrysler looks to break free from the shackles of mediocrity and reinvent itself, a filing at the U.S. Patent and Trademark office appears to confirm an Allpar report published earlier this month, showing the new winged logo that will presumably adorn cars coming from the Chrysler division.
Nov02
General Motor Co.'s U.S. sales rose for the first time in 21 months in October following analysts' forecasts of the strongest month this year not aided by government incentives.GM advanced 5 percent and Ford Motor Co. was up 3 percent. Among the biggest Japanese automakers, Nissan North America climbed 6 percent and Toyota Motor Sales gained less than 1 percent. Subaru, Daimler AG, and Porsche were all also up.
Ford Motor Co. posted a surprise net profit of $997 million in the third quarter and its cash position turned positive, reversing a long stretch of cash burn. Ford's pre-tax operating profit of $1.1 billion for the quarter marked its first quarter in the black on that basis since early 2008. The automaker ended the quarter with $23.8 billion in cash, up $2.8 billion from the end of the second quarter. Its North American unit posted a pre-tax operating profit of $357 million, for its...