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Looks like rough sailing ahead: Moody's warned the GOP that its game of chicken with the debt ceiling risked a downgrade of U.S. debt. But there are some things that investors can look forward to.
February Auto Sales Likely Kept Zipping Along
2:30PM 2/28/2011
Company News, Economy, Honda Motor Co, Ford Motor Co, Toyota, General Motors, Autos, Retail, Chrysler
Major automakers are set to release February sales figures on Tuesday, and analysts expect the reports will show sales improved 20% compared to a year ago. Consumers continued to warm to the slowly improving economy -- so far, despite surging oil prices.
Union employees at Chrysler Group will receive a $750 bonus next week as an acknowledgment of their contributions in helping to revive the once-bankrupt company, the automaker said Monday. Salaried workers, excluding the company's top 50 executives, will also receive the payment.
January Auto Sales Should Build on 2010's Momentum
11:00AM 1/31/2011
Company News, Economy, Honda Motor Co, Ford Motor Co, Toyota, General Motors, Autos, Retail, Chrysler
A slowly brightening economy combined with low financing rates and generally stable fuel prices have put consumers in a buying mood. New models, particularly from Ford and GM, are also helping to keep U.S. auto sales on a positive trajectory as 2011 starts.
Chrysler Rolls Out Plans for a Different Kind of Hybrid Vehicle
3:05PM 1/19/2011
Chrysler has finally decided to jump on the hybrid bandwagon, announcing Wednesday that it is working with the EPA to develop a hydraulic hybrid powertrain for its vehicles. The system, which stores energy derived from vehicle braking as pressure, could improve fuel economy by 30% to 35%.
Chrysler Finds It Can Be Profitable Selling Fewer Cars
11:00AM 1/13/2011
Company News, Ford Motor Co, General Motors, Autos, Chrysler
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.
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.
December Auto Sales: Set to End 2010 in High Gear
11:00AM 1/03/2011
Company News, Economy, Honda Motor Co, Ford Motor Co, Toyota, General Motors, Autos, Retail, Chrysler
The economy may be less robust than most Americans would like, but that didn't stop many of them from hitting the showrooms in December. That likely propelled auto sales in the final month of 2010 to 1.13 million units, the year's highest levels.
Fiat May Raise Its Stake in Chrysler to 51%
9:16AM 1/03/2011
Fiat CEO Sergio Marchionne said Monday that he could increase Fiat's ownership in Chrysler to more than 50% should America's smallest domestic automaker seek to return to the stock market this year, but that he doesn't plan to merge the companies' operations.
Fiat May Use Grand Cherokee Platform for Alfa Romeo
7:28AM 11/09/2010
Chrysler has enjoyed so much success with the new Jeep Grand Cherokee that Fiat (FIATY) may use the vehicle's platform for Alfa Romeo and Maserati models. Chrysler, which is controlled by the Italian company, introduced the new Grand Cherokee earlier in 2010.
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