Fuel-efficient cars – like Chevy's Cruze, Hyundai's Elantra, and Ford's Focus – led an estimated 19 percent car sales increase in April. GM says rising gas prices started pushing drivers into fuel-efficient cars in March.
Jeep Grand Cherokee has gotten positive media reviews, and sales of the Jeep Grand Cherokee in the third quarter were about double the pace of its predecessor. Chrysler said Monday that its profit outlook is improving.
Chrysler says 26,000 cars and pickups, including Chrysler 300, Sebring, and Dodge Ram models, are being recalled for a faulty power steering assembly.
Chrysler will keep open a suburban Detroit plant they had planned to shut down in 2012. Another Chrysler plant hosted President Obama on Friday.