Chrysler

Deutsche Bank's Industry Alert for Autos & Auto Parts includes Ford Motor Company (NYSE: F) and Lear Corporation (NYSE: LEA) and is as follows: “Based on our mid-month channel checks, we estimate that the U.S. light vehicle SAAR is tracking at 11.6MM in September (+26.7% YOY on a unit sales...

“Under promise, over deliver.” Someone forgot to tell Chrysler CEO Sergio Marchionne. He announced that he intends to have an IPO for the No.3 US car company in the second half of next year. It is likely that the UAW, which owns two-thirds of Chrysler, would like to be able to sell some of its...

U.S. auto sales probably rose to the highest level of 2010 last month as model-year closeout deals drew consumers back to showrooms, according to a Bloomberg report. Industrywide deliveries, which are released tomorrow, may reach an annualized rate of 11.9 million vehicles in July, the average of...

Analysts at Deutsche Bank issued an industry alert for the autos and auto parts sector last night, claiming that May numbers have slightly improved from the previous month. They stated that the "U.S. light vehicle SAAR is tracking at 11.3MM in May...up slightly from last month's 11.2MM SAAR."...

Chrysler's CEO has announced that the company may go public in 2011. He also said that he expects 2010 to be a better year than anticipated earlier. CEO Sergio Marchionne told reporters that he thinks there is plenty of room for public offerings by both General Motors and Chrysler. He said, “I...

Chrysler Group LLC will recall 55,000 of its 2010 models over a key ignition problem. Chrysler said it notified the National Highway Traffic Safety Administration of the recall earlier this month. The problem is related to its ignition key where it can be removed before the car is put in the park...