General Motors Co. joined Chrysler Group LLC and Nissan Motor Co. in beating analysts’ estimates for February U.S. sales while Ford Motor Co., Toyota Motor Corp. and Honda Motor Co. did worse than projected.
Canada is increasing funding for automakers by $500 million ($454 million) in a bid to attract more investment from companies such as Chrysler Group LLC to an industry reeling from global competition and declining output.
General Motors Co. and Ford Motor Co., the largest U.S. automakers, reported deeper declines in deliveries than analysts estimated as the coldest January in two decades kept some shoppers from dealerships.
Fiat SpA Chief Executive Officer Sergio Marchionne plans to propose to the carmaker’s board that the New York Stock Exchange be the primary market for shares of the company created from a merger with Chrysler Group LLC, people familiar with the matter said.
Chuck Eddy, who has been a Chrysler dealer for 45 years, has to go back to the time of Jimmy Carter’s White House to recall when he last had a strong mid- size car to sell. That will change, he says, after this morning’s Chrysler sedan unveiling at the Detroit auto show.