Big Three, Automaker | featured news

Every week, Chrysler demonstrates some new phase of its determination to transform its three-year-old lifeline into solid viability — dare we even say, success? The company that has come to define corporate melodrama over the last 30 years looks more and more like the formidable long-term player that Chrysler never quite has been until now.

Chrysler says its U.S. sales jumped 27 percent in October because of strong demand for its Jeep and Chrysler brand vehicles. It was the company's best October sales since 2007.

General Motors said its sales increased 7.6 percent from a year ago. Ford’s were up 6.1 percent and Chrysler’s rose 20.1 percent.

Ford Motor Co plans to build a $900 million production plant in India, doubling its investment in the country, as the U.S. carmaker seeks to catch up with rivals in the second-fastest growing auto market in the world.

The Treasury Department said Thursday it has exited its investment in Chrysler LLC after Italian automaker Fiat SpA purchased the U.S. government's remaining holdings in the auto company.

Chrysler Group LLC has recalled 11,351 vehicles for a possible missing or incorrectly installed part that could result in loss of steering capability and increase the risk of a crash.

General Motors Co. is recalling more than 47,000 Cadillac SRX crossover vehicles in the U.S. because of a problem with the passenger side air bags.

Barely two years since it filed for bankruptcy, Chrysler still has to prove it can deliver on its “second chance.” The carmaker seems to be heading in the right direction.

The Treasury Department said on Thursday it reached an agreement to sell its remaining 6 percent equity stake in Chrysler to Italy's Fiat in a deal that will net Washington $560 million.

General Motors' U.S. sales fell 1.2 percent in May as it offered fewer deals to customers.