Chrysler

Major manufacturers January U.S. sales data were released on Monday. General Motors: Consensus miss General Motors (NYSE: GM) reported that its U.S. sales fell 12 percent to 171,000 vehicles in January. The consensus estimate was looking for a 2.5 percent falloff. Retail sales fell 10 percent...

The past five or six years have been a real roller coaster for companies in the American auto industry, much as companies in many American industries. The fate of the big three American auto manufacturers – Ford (NYSE: F), General Motors (NYSE: GM), and Chrysler – were in as much...

The North American International Auto Show (NAIAS) got off with a bang on Monday, as the media was offered its first glimpse of some spectacularly new vehicles. And amid the super-hyped roll-outs, the fashion models, rock music played at ear-bleed levels and a babble of Japanese, French, German...

December 2013 sales reports for Ford (NYSE: F), Chrysler, and General Motors (NYSE: GM) were released on Friday, with more (international) auto companies expected to release sales reports later this afternoon. For the month, Ford reported 1.8 percent increase in total vehicle sales, Chrysler a 6...

Major indices saw plenty of red during the first trading session of 2014. There were no fundamental reasons for the Dow to suffer a triple digit point loss, along with the S&P 500 and Nasdaq indices ending the day lower. "People are taking profits and seeking bargains," according to Jim...

November vehicle sales in the U.S. were the best in more than six years, according to The Wall Street Journal. An improving economic picture is clearly partly responsible. General Motors (NYSE: GM) Vice President Kurt McNeil told The Wall Street Journal, "We feel good about the direction of the...

Many auto companies have released their U.S. sales figures for November. Investors closely follow these monthly data releases as an indication of the strength of the macro-economic environment, the entire auto sector and individual companies. Barclays boosted its fourth quarter GDP tracking...

The Nasdaq index traded above 4,000 for the first time since 2000. The other major indices were flat for the day as markets couldn't hold on to early gains that were boosted by an international accord with Iran. Economic news was rather light and there were no comments from a Fed chairperson that...

The use of natural gas to power vehicles could become widespread, thanks to a new storage tank developed by Chrysler. Automotive News reported that the new tank will free automakers from the need to use large cylinders to store natural gas. Natural gas for vehicles had use to have to be stored in...

Quicken Loans founder and chairman Dan Gilbert wants to bring life back into Detroit through community and entrepreneurship. Gilbert talked about this and the city's reorganization efforts on Wednesday morning's Squawk Box on CNBC.  "Bankruptcy is really, it's a painful process, but once we get...

Cerberus Capital Management LP signed a nondisclosure agreement with Blackberry (NASDAQ: BBRY) to gain access to the company's financial information. The private-equity firm will use the financials to formulate a bid to acquire all of Blackberry. After a 45 percent hit in sales and $965M loss...

Here's something you don't see everyday: reports of a company chief executive waving investors away from his firm's impending IPO. But that's the scenario apparently unfolding around Sergio Marchionne, the man in charge of both Fiat (OTC: FIATY) and Chrysler. Last week, at an investor...

If you only read the headlines, you might see the announcement of a Chrysler IPO as more proof that the American auto industry is back, but further investigation would indicate otherwise. Remember “The Big Three” automakers? You know, Ford (NYSE: F), General Motors (NYSE: GM) and Chrysler—three...

Described as a mix between a business conference and an artist's open studio, OpenCo Detroit promises to deliver an event that has the vibe of a music festival. Scheduled to take place on September 12 (a plenary session will occur on the night of September 11), OpenCo Detroit was built for...