ChryslerAPRIL U.S. AUTO SALES Ford, Nissan lead gains as trucks, new models propel sales up 9% 8:00 am U.S. ET | May 1, 2013  Rising demand for Detroit 3 pickups helped lift U.S. auto sales 9 percent last month, while surprising declines at Toyota and Volkswagen took some steam out of the market's steady recovery. The seasonally adjusted annual sales rate came in at 14.9 million, marking the first time since October that the SAAR failed to top 15 million.... Read More »
Pickups help Detroit 3 gain ground in Canada 2:00 pm U.S. ET | May 1, 2013  Canadian sales rose for the three Detroit automakers, led by strong sales for pickup trucks. Ford was the top-seller in Canada in April as sales rose 16 percent to 27,907 vehicles. Chrysler was second, at 25,745 vehicles, up 5 percent, barely edging out GM's 25,071 vehicles, up 19 percent.... Read More »
Detroit 3 climb with pickups; industry recovery slips 5:33 pm U.S. ET | May 1, 2013  Booming pickup sales drove Detroit automakers to double-digit gains and the U.S. auto market 9 percent higher in April. While that percentage gain was the second-highest of the year, the results marked a setback for the industry's recovery. The seasonally adjusted annual sales rate came in at 14.9 million, below estimates in the 15.2 million range. It was the first time since October that the SAAR dropped below 15 million.... Read More »
Chrysler up 11% on pickup, SUV sales 11:57 am U.S. ET | May 1, 2013  Chrysler Group rode strong sales of pickups and SUVs to an 11 percent sales increase in April, its 37th consecutive month of higher year-over-year sales.... Read More »
APRIL U.S. AUTO SALES Detroit 3 gain Q1 market share for first time since 1993 10:20 am U.S. ET | April 30, 2013  For the first time in two decades, GM, Ford and Chrysler pulled off a sweep in the first three months of a year in the United States, with all three gaining market share in 2013's first quarter. The momentum likely built in April versus Toyota and Honda, according to a survey of analysts by Bloomberg News.... Read More »
Chrysler's outlook raised to positive from stable by S&P 6:39 pm U.S. ET | April 30, 2013  Chrysler Group may get an upgrade in its credit rating in the next 12 months, said Standard and Poor's, which raised Chrysler's outlook Tuesday to "positive" from "stable." S&P changed its outlook on the company to positive even after Chrysler posted a 65-percent drop in first quarter profit.... Read More »
A rich harvest for 'Farmer' ads 12:01 am U.S. ET | April 29, 2013  Chrysler Group's chief marketing officer says the automaker's "Farmer" campaign launched during the 2013 Super Bowl is boosting Ram consideration among prospective pickup buyers.... Read More »
LARRY P. VELLEQUETTE Chrysler hopes many hats make broad experience 12:01 am U.S. ET | April 29, 2013  The top-level management changes at Chrysler Group this month may be rooted in the cultivated tension of a criss-crossed management structure that has high-level executives wearing many hats. But the changes at the top of four of the automaker's brands also ensure that Chrysler's next leader knows the business inside and out Larry P. Vellequette covers Chrysler Group for Automotive News.... Read More »
Fiat first-quarter profit falls on Chrysler earnings dropApril 29, 2013 14:41 CET  Fiat Group confirmed its 2013 financial targets despite lower first-quarter profits at Chrysler and continued losses in Europe.... Read More »
Chrysler profit tumbles on costs of product launches 8:41 am U.S. ET | April 29, 2013  Chrysler Group said net income fell to $166 million in the first quarter as costs of two large product launches crimped the automaker's seventh consecutive quarterly profit.... Read More »
West is best for growth in China sales, output 12:01 am U.S. ET | April 29, 2013  Automakers, urged on by China's national and local governments, are eager to expand in the markets of central and western China. Future growth will be in the hinterland, auto executives interviewed during this month's Shanghai auto show agreed.... Read More »
Chrysler Capital's first job: Leasing 12:01 am U.S. ET | April 29, 2013  Chrysler Group expects more consumer auto leases next month when the newly formed Chrysler Capital begins operations as the automaker's preferred lender in the United States.... Read More »
NEWS ANALYSIS Is Cherokee the global Jeep? 12:01 am U.S. ET | April 29, 2013  The Cherokee is starting to look like Jeep's global SUV. Jeep President Mike Manley called the Cherokee "an obvious choice" for production in China.... Read More »
Fiat may have to pay union trust fund more for Chrysler shares, judge suggestsApril 25, 2013 17:53 CET  Fiat may have to pay more than its $139.7 million offer for Chrysler Group shares that the automaker wants to buy from the United Auto Workers' retiree health-care trust, a judge suggested.... Read More »
Fiat may have to pay UAW trust fund more for Chrysler shares, judge suggests 11:53 am U.S. ET | April 25, 2013  Fiat may have to pay more than its original offer of about $140 million for Chrysler Group shares being bought from the UAW's retiree health-care trust, a Delaware judge suggested in court today.... Read More »
Fiat weighs New York listing following merger with Chrysler, report saysApril 24, 2013 18:19 CET  Fiat may select New York as the primary exchange for its stock after a planned merger with Chrysler Group, sources said. The move would be highly political and symbolic for debt-ridden Italy as it struggles to emerge from a cycle of recessions.... Read More »
Fiat close to securing financing for Chrysler buyout, report saysApril 23, 2013 21:02 CET  Fiat could secure financing by May for a possible buyout of the rest of Chrysler, sources said. CEO Sergio Marchionne wants to merge the carmakers to create the world's seventh-largest auto group, tapping Chrysler's cash flow to offset Fiat's losses in Europe.... Read More »
Fiat close to securing financing for Chrysler buyout, report says 3:02 pm U.S. ET | April 23, 2013  Fiat could secure financing by May for a possible buyout of the rest of Chrysler, two people familiar with the matter told Reuters today.... Read More »
Transplants keep rolling in N. America 12:01 am U.S. ET | April 22, 2013  The rise of foreign automakers in North America gained huge momentum during the dark days of the recession, accelerating the decline of Detroit 3 dominance. Today 39 percent of all auto company employees in North America work for companies other than the Detroit 3, according to an Automotive News survey.... Read More »
Dodge CEO must fill the hole left from loss of Ram 12:01 am U.S. ET | April 22, 2013  New Dodge CEO Tim Kuniskis, who was given high marks for turning around Fiat's launch in North America, takes over a brand with a shrinking lineup that is growing more dependent on cars, not light trucks.... Read More »
LARRY P. VELLEQUETTE Why it's no big surprise Diaz left Ram 12:01 am U.S. ET | April 22, 2013  On paper, Fred Diaz got a promotion this month when it was announced that he had agreed to become vice president of Nissan Division sales and marketing. But in the real world, the 47-year-old former head of Chrysler's Ram brand and of Chrysler de Mexico likely got his life back with his new job Larry P. Vellequette covers Chrysler Group for Automotive News.... Read More »
2013 SHANGHAI AUTO SHOW Jeep may start Cherokee production in China in 2014, CEO Manley saysApril 20, 2013 10:19 CET  The Cherokee is the "obvious choice" to become the first Jeep built in China in six years and could double the brand's sales in the country, Jeep CEO Mike Manley said.... Read More »
HyundiMobis says it has $530 million lamp order from Chrysler 12:01 am U.S. ET | April 16, 2013 South Korea's Hyundai Mobis said on Tuesday it won a $530 million order to supply automotive lamps to U.S. automaker Chrysler Group LLC -- its biggest lamp deal ever.... Read More »
Consumer acceptance key to autonomous vehicles, SAE panel says 6:05 pm U.S. ET | April 16, 2013  The biggest barrier to autonomous vehicles could end up being consumer acceptance, one expert said during a panel discussion on driver distraction that marked the first day of the SAE World Congress here on Tuesday.... Read More »
Jeep dilemma: Keep SUV guts, add comfort 12:01 am U.S. ET | April 15, 2013  With the help of key suppliers -- ZF Friedrichshafen and American Axle & Manufacturing -- that developed two major innovations, the Cherokee is Jeep's best hope to compete with today's Honda CR-V, Toyota RAV4 and Ford Escape.... Read More »
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