Chrysler Sales Up 31 Percent, Best August Since 2007

Sales of Chrysler Group products are up, and in a big way: the automaker reported sales in August 2011 amounted to 130,119 vehicles, which represents a 31-percent year-to-year increase. That makes last month Chrysler’s best August result since 2007 — years before the bankrupcty and reorganization took place...More

Nardelli says more aid for financing would boost Chrysler sales

Chrysler CEO Bob Nardelli called Tuesday for a second round of funding for the company's financial arm that would enable sales to customers who otherwise can't qualify for loans.

In an interview with CNBC, Nardelli also said Fiat would assume 35% of Chrysler's debt if the U.S. Treasury Department approves its proposed alliance with the Italian automaker.

Chrysler is operating with $4 billion in loans, and it's seeking $5 billion more.

But in the CNBC interview, Nardelli emphasized the effectiveness of a separate $1.5-billion loan the Treasury made to Chrysler Financial in January. Chrysler used that loan to subsidize zero-percent loans on new vehicles...More