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Chrysler confounded industry analysts yesterday. Predictions of another sales drop, possibly as high as 20%, failed to materialize as Chrysler posted a small 0.5% improvement in sales, surpassing both Nissan and Honda to take the No. 4 position in the February sales ranks and regaining the No. 5 position in year-to-date (YTD) results. Sales of [...]
While Chrysler, GM and Ford got millions for low-emission vehicle development, Nissan North America just got a $1.4 billion loan from the U.S. Department of Energy to modify its Smyrna, Tennessee plant to produce its five-passenger LEAF electric vehicle and the batteries to power it. Secretary of Energy Steven Chu announced the loan today. The [...]
Chrysler dropped to sixth place among automakers as Nissan North American finished fifth for the month. Sales at Nissan’s namesake division, which rose not quite 0.2 percent were enough to do the job, coming in 4,358 units ahead of Chrysler Group. Combined Nissan-Infiniti sales put Nashville-based Nissan North America almost 13 percent ahead of Chrysler [...]
Chrysler and Nissan today issued a joint announcement stating the two automakers have mutually agreed to end the three OEM vehicle supply projects announced last year. The projects included a Nissan compact sedan to be badged as a Chrysler for sale in the South American market this year, another small car for sale as a [...]