Chrysler posts $611 million in third quarter earnings, expects to make around $2.5 billion for full year.
Vehicles recalled include various model years of the F-150, Flex, Transit, Transit Connect, Crown Victoria, Grand Marquis and Lincoln Town Car
Ford Motor Company has issued five safety recalls for approximately 202,000 vehicles in North America.
Chrysler sales rise 22 percent. Best October since 2001. GM sales were flat. Ford sales dropped 2 percent, on tight pickup inventories.
WWJ AutoBeat Reporter Jeff Gilbert takes a test drive in Acura’s new entry level luxury car, the TLX.
Takata, the world’s second-largest air bag maker with 22 percent of the market, has been plagued by problems for the past 13 years.
Sales expected to rise from 16.4 million this year to 16.8 million next year.
Money raised from the spin off will help fund Fiat Chrysler growth plans.
“I want it understood that they day of GM being a polite competitor is over,” Barra tells the Detroit Economic Club.
Lexus finishes tops in Consumer Reports reliability study, followed closely by Toyota. Buick is top domestic brand.