Bernie's Feed
Nov 26, 2014

Chrysler recall delay hikes air bag risk – U.S. regulator

DETROIT (Reuters) – Chrysler Group LLC must expand its regional recall of vehicles with Takata Corp (7312.T: Quote, Profile, Research) air bags and begin notifying customers of the action by Monday, the U.S. National Highway Traffic Safety Administration said.

Chrysler’s delay in alerting owners of potential defects in Takata air bags “exacerbates the risk to motorists’ safety,” the NHTSA said in a letter sent on Tuesday to company Chief Executive Officer Sergio Marchionne.

Nov 26, 2014

U.S. regulator: Chrysler recall delay hikes air bag risk

DETROIT (Reuters) – Chrysler Group LLC must expand its regional recall of vehicles with Takata Corp (7312.T: Quote, Profile, Research, Stock Buzz) air bags and begin notifying customers of the action by Monday, the U.S. National Highway Traffic Safety Administration said.

Chrysler’s delay in alerting owners of potential defects in Takata air bags “exacerbates the risk to motorists’ safety,” the NHTSA said in a letter sent on Tuesday to company Chief Executive Officer Sergio Marchionne.

Nov 12, 2014

As gas prices slide, U.S. car buyers go for size, shun hybrids

DETROIT Nov 12 (Reuters) – It is the automotive equivalent
of Pavlov’s bell: when gasoline is expensive, U.S. car owners
try to downsize, but once pump prices ring down, they salivate
over big pickup trucks and SUVs.

With gas prices dipping below $3 a gallon last month for the
first time since December 2010, size is back in vogue.

Nov 7, 2014

New UAW president vows to be more open to members, public

DETROIT (Reuters) – As the United Auto Workers faces what many observers say will be the most difficult contract talks with U.S. automakers in decades in 2015, its new president said more open communication with union members and the public will help at the bargaining table.

Dennis Williams, 61, elected to a four-year term in June, created a small social media department as part of a reshaping of the union’s Detroit headquarters and plans to use Facebook, Twitter and other social media platforms to communicate directly with members in next year’s talks, he said in a recent interview with Reuters.

Nov 5, 2014

Tesla third-quarter loss doubles to $75 million, shares rise

DETROIT (Reuters) – Electric car maker Tesla Motors Inc (TSLA.O: Quote, Profile, Research, Stock Buzz) said its third-quarter loss nearly doubled from a year ago to $75 million, as manufacturing, sales and development expenses increased to meet rising demand for its Model S sedan.

The company also said production of its next vehicle, the Model X crossover, will be delayed by several months until the autumn of 2015. Tesla did not give a reason for the delay.

Nov 5, 2014

Tesla 3rd-qtr loss doubles to $75 mln, shares rise

DETROIT, Nov 5 (Reuters) – Electric car maker Tesla Motors
Inc said its third-quarter loss nearly doubled from a
year ago to $75 million, as manufacturing, sales and development
expenses increased to meet rising demand for its Model S sedan.

The company also said production of its next vehicle, the
Model X crossover, will be delayed by several months until the
autumn of 2015. Tesla did not give a reason for the delay.

Nov 5, 2014

Chrysler Group profit jumps, keeps 2014 outlook; shares gain

DETROIT (Reuters) – Chrysler Group LLC, a unit of Fiat Chrysler Automobiles (FCHA.MI: Quote, Profile, Research, Stock Buzz) (FCAU.N: Quote, Profile, Research, Stock Buzz), on Wednesday reported third-quarter net income of $611 million, up 32 percent from a year earlier, and kept its full-year outlook, sending shares up in early trading.

Revenue for Chrysler, which derives most of its sales from its home North American market, was $20.66 billion, up 17.6 percent. The revenue growth matched that of vehicle sales, which surged to 711,000 vehicles.

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
year.

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
said.