Bernie's Feed
Nov 3, 2014

U.S. October auto sales strong, but GM misses

DETROIT (Reuters) – U.S. automakers reported their strongest October sales in years on Monday, but top-seller General Motors Co (GM.N: Quote, Profile, Research) missed expectations.

Fiat Chrysler Automobiles (FCHA.MI: Quote, Profile, Research)(FCAU.N: Quote, Profile, Research) U.S. October sales rose 22 percent on strong pickup truck and Jeep SUV demand, and beat analysts’ expectations.

Nov 3, 2014

Chrysler U.S. sales up 22 percent on pickup truck demand

DETROIT, Nov 3 (Reuters) – Fiat Chrysler Automobiles
U.S. October sales rose 22 percent on strong
pickup truck demand, the company said on Monday.

The Ram pickup truck brand, anchored by the Ram 1500,
reported sales of 39,834 vehicles, a 36 percent increase from a
year ago. Chrysler Group and its Ram brand took advantage as
Ford Motor Co has lowered production of its top-selling
F-150 pickup truck in recent months. Ford is transitioning to a
new aluminum-bodied version that will begin sales late this

Oct 31, 2014

U.S. October auto sales seen rising 6 percent -Reuters poll

DETROIT, Oct 31 (Reuters) – The U.S. auto industry continued
its moderate recovery in October and will show a 5.7-percent
rise in sales from last year, analysts polled by Reuters said.

Chrysler Group and Nissan Motor Co will lead the
growth with double-digit gains over a year ago, the analysts

Oct 29, 2014

AutoNation shares jump 7 percent, profit up on used car sales

DETROIT (Reuters) – AutoNation Inc (AN.N: Quote, Profile, Research, Stock Buzz) shares on Tuesday jumped nearly 7 percent after the company exceeded Wall Street expectations with a 15 percent increase in third-quarter earnings and its chief executive said U.S. auto sales will continue to rise in 2015.

Shares of the largest U.S. auto dealer group closed at $55.58, up 6.9 percent.

Chief Executive Officer Mike Jackson said the U.S. recovery from the recession five years ago would continue into 2015. He expects U.S. new auto sales to top 17 million vehicles for the first time since 2001.

Oct 28, 2014

AutoNation stops selling cars with Takata air bags

DETROIT (Reuters) – AutoNation Inc (AN.N: Quote, Profile, Research, Stock Buzz), the largest U.S. auto retail group, has stopped selling cars equipped with Takata Corp (7312.T: Quote, Profile, Research, Stock Buzz) air bags involved in a massive global recall involving more than 16 million vehicles, Chief Executive Mike Jackson said on Tuesday.

“We as a company have made the decision not to retail any vehicle that is involved in this recall until it is repaired and the vehicles that do come in for service, we are advising the customer not to put a passenger in front of that air bag until it’s repaired,” Jackson said in an interview with Reuters.

Oct 28, 2014

AutoNation CEO: 2015 could see 3rd-highest U.S. auto sales in history

DETROIT, Oct 28 (Reuters) – U.S. auto sales will rise above
17 million vehicles next year for only the third time in
history, AutoNation Inc Chief Executive Mike Jackson said
on Tuesday.

In the previous years when U.S. auto sales topped 17 million
vehicles, 2000 and 2001, the number of vehicles per household
was on the rise, a trend which Jackson said has since leveled
off and will not be a driver in next year’s projected growth.

Oct 28, 2014

AutoNation beats Wall St expectations; profit up 15 percent

DETROIT, Oct 28 (Reuters) – AutoNation Inc on Tuesday
reported a 15 percent jump in third-quarter earnings, in part
because of robust profit from used cars.

Shares of the largest U.S. auto dealer group rose 3.5
percent to $53.83 in trading before the market opened.

Oct 27, 2014

Toyota tops, Fiat Chrysler last in Consumer Reports quality survey

DETROIT, Oct 27 (Reuters) – Toyota Motor Corp’s
namesake brand and its Lexus luxury brand finished one-and-two
for the second year in a row in Consumer Reports’ annual quality
survey of the U.S. new-vehicle market, the influential magazine
said on Monday.

The four lowest-scoring brands were all from Fiat Chrysler
Automobiles’ Chrysler Group, as were five of the bottom seven.
Fiat scored the lowest of the 28 brands and the Fiat 500L was
named the least reliable among 265 models included in the

Oct 24, 2014

Exclusive: Ford to overhaul Lincoln brand, this time with big bucks

DETROIT (Reuters) – Ford Motor Co’s (F.N: Quote, Profile, Research, Stock Buzz) new chief executive, Mark Fields, is giving the automaker’s long-moribund Lincoln brand what his predecessor Alan Mulally never could: a little love and a lot of cash.

Lincoln, a storied Detroit brand which Ford has owned since 1922, has been in a swoon for the past two decades, leaving dealers and customers wondering if Ford management had left the brand for dead.

Oct 24, 2014

Fiat Chrysler’s targets seen at risk as North America still pressured

MILAN/DETROIT (Reuters) – Fiat Chrysler Automobiles could find it tough to meet its 2014 profit guidance and may cut forecasts when it reports quarterly results next week as slowly recovering North America profit margins may fail to fully offset weakness in Europe and Latin America.

The group (FCAU.N: Quote, Profile, Research, Stock Buzz)(FCHA.MI: Quote, Profile, Research, Stock Buzz) expects to raise operating profit, excluding one-off items, by as much as 14 percent this year, but has been struggling to make up for a double-digit sales drop in Brazil and a fragile recovery in Europe.