The smallest of the Detroit Three, Chrysler has made substantial strides in turning around its business, including lowering the number of vehicles it needs to sell to make a profit. The automaker had pegged 1.65 million as its operating break-even point, but has just lowered this to about 1.5 million vehicles.
At the North American International Auto Show in Detroit Tuesday, Ford and Chrysler both announced plans to introduce a host of new models. Ford will add seven vehicles with "truly unique Lincoln DNA" to its luxury line, while Chrysler has its eyes on new pickups, a revived Jeep Grand Wagoneer, and possibly, a 'mini-minivan.'
Italian automaker Fiat increased its stake has in Chrysler Group to 25% after the U.S. automaker met a key goal by starting engine production at a plant in Dundee, Mich., the company said Monday during the North American International Auto Show in Detroit.
The New York International Auto Show is a sure sign of two things: that the 2010 model year is fast slipping away, and that automakers are ready to dazzle enthusiasts and the media with shiny new wheels for 2011 and beyond.
