S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Cars and Drivers

Chrysler Keeps Plants Open

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

The improbable recovery of Chrysler continues, just three years after a government supported Chapter 11. Most analysts believed that Chrysler would never have the funds to launch enough new vehicles to compete with larger rival both in the US and Japan. Chrysler countered by offering just a few cars and light trucks, but nearly each one was a success in the market.

Chrysler announced that it would not close several plants for two weeks of maintainance as it has in the past. The car company said it cannot afford to because of demand. It is easy to tell why Chrysler has the challenge. Domestic vehicles sales in April were modest. But, Chrysler’s sales rose 20%.

Few people believed that the company could eat into the market share of GM (NYSE: GM), Ford (NYSE: F), and Toyota (NYSE: TM). It turns out those few people were right.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Douglas A. McIntyre |

What’s Important in the Financial World (5/3/2012) Chrysler Plants Open, Roubini’s Iran Worries

The government of Spain got lucky. It planned to raise over 2 billion euros in debt. The amount sold was…
Douglas A. McIntyre |

Chrysler May Shine As Car Sales Slow

Car sales will probably slow in August as the economy begins to sputter and people wait to see more of…
Douglas A. McIntyre |

Japanese Surge Back into U.S. Car Market

U.S. June car sales should be the best they have been for any month since 2007. That year was just ahead…
Are America’s Car Companies for Sale?
Douglas A. McIntyre |

Are America’s Car Companies for Sale?

The values of Ford and General Motors are low enough that, like Fiat Chrysler, they could become M&A targets for…
Douglas A. McIntyre |

Fiat’s Long Shot On Chrysler

Fiat is about to buy another 16% of Chrysler which would take its total stake to 46%. The deal would…
Chrysler Market Share Expected to Drop Below 1%
Douglas A. McIntyre |

Chrysler Market Share Expected to Drop Below 1%

Kelley Blue Book data show just how much trouble Fiat Chrysler is in. The storied Chrysler brand will suffer a…
GM Merger With Ford Looks More Likely
Douglas A. McIntyre |

GM Merger With Ford Looks More Likely

Deep trouble at Ford and GM's need for more heft to compete with rivals Toyota and Volkswagen make a marriage…
Douglas A. McIntyre |

The Car Industry Drives Toward Trouble

U.S. car companies cannot rely on Europe for profits. As a matter of fact, poor demand has caused losses in…
Chinese Automaker Sets Sights on Fiat Chrysler
John Harrington |

Chinese Automaker Sets Sights on Fiat Chrysler

Great Wall Motor Co. has confirmed it is is interested in bidding for all or part of Fiat Chrysler Automobiles…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618