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...
Oct30
A total of 690,000 new vehicles were sold under the Cash for Clunkers program last summer, but only 125,000 of those were vehicles that would not have been sold anyway, according to an analysis released Wednesday by the automotive Web site Edmunds.com. Still, auto sales contributed heavily to the economy's expansion in the third quarter, adding 1.7 percentage points to the nation's gross domestic product growth.
Oct29
AutoNation Inc., the largest U.S. dealership group, posted its biggest profit of the year and said it would boost spending by 65 percent next year to update and buy stores.The net income of $65 million compares with a $1.4 billion net loss in the previous third quarter. “We are optimistic for the long-term prospects of the auto industry based on the successful restructuring of the domestic auto industry, the move to a demand-pull system and the rationalization of the dealer network...
Oct28
Airtime: Wed. Oct. 28 2009 | 4:40 AM ET
The auto sector has had a rocky road this year with falling demand and increased pressure to make greener vehicles. CNBC's Steve Sedgwick investigates the latest environmentally-friendly cars and Alessandro Vitelli from IDEAcarbon has analysis.
Chrysler's Dodge is slashing prices on its all-new heavy-duty Ram pickup trucks -- hacking almost $2,000 in the case of one model. 2010 Ram 2500 and 3500 Heavy Duty pickups will offer more features at a lower price, Chrysler says. Base prices will be $28,165 for regular cab models, $31,415 for crew cab models and $36,865 for Mega Cab models. All prices include $950 for destination.
New capital could range from $2.8 billion to $5.6 billion, according to report, GMAC, the former lending arm of General Motors Co., is in talks with the Treasury Department for a third injection of taxpayer aid, a further sign of the U.S. government's entrenchment in the U.S. auto industry. The Treasury Department mandated earlier this year that GMAC Financial Services raise an additional $11.5 billion in capital after undergoing a "stress test" along with 18 other banks. While...
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