CHRYSLER

General Motors Co and Chrysler are now on an orderly course a year after their government-brokered bankruptcies, with the Obama administration hopeful GM can seek a public offering of shares this year.

Ford Motor Co posted a stronger-than-expected quarterly profit of $2.6 billion and said it was on track for higher earnings and lower debt in 2011, sending its shares up 3 percent in premarket trade.

When Kelleher Motor Co. first opened for business in 1911, the average price of a home in the U.S. was $4,800, a stamp cost 2 cents and William Howard Taft was president.

The Obama administration may have acted hastily in demanding that General Motors Co and Chrysler accelerate the closing of dealerships to ensure their viability

Ford Motor Co is recalling 33,700 of its Transit Connect small commercial vans over an interior liner while Chrysler Group said it was recalling certain 2010 SUVs and trucks over a possible brake fluid leak.

Chrysler Group LLC will offer consumers a 60-day, money-back guarantee on new vehicles and also make the first two months of payments for buyers, as it tries to shore up sales amid lackluster consumer confidence.

Toyota Motor Co's Canadian unit said on Monday its June sales were down 13.8 percent from a year earlier, while General Motors Co GM.ULsaid its Canadian sales rose 15.2 percent.

U.S. auto sales slipped in June from the previous month and major automakers said there was no sign of the second-half recovery the battered industry had expected at the start of the year.

Auto sales slipped in June from the previous month's pace and major automakers said there was no sign of the definitive second-half recovery that the battered industry had expected at the start of the year.

Ford Motor Co ranked No. 1 for new car quality among mass-market brands while recall-hit Toyota Motor Corp plunged in a closely watched quality survey released on Thursday.

Chrysler is generating the cash needed to rebuild its product portfolio as sales continue to gain momentum, Chief Executive Sergio Marchionne told employees on Friday.

Doors that could catch fire, brakes that could fail and accelerators that could stick have caused Chrysler Group LLC to recall nearly 600,000 vehicles involving five models in the United States.

Chrysler is recalling more than 25,000 Dodge Caliber and Jeep Compass vehicles to address the risk that accelerator pedals could become stuck and cause unintended acceleration, the automaker said on Friday.

General Motors and Chrysler are reasonably positioned for growth after U.S. intervention saved the companies last year, and government support for the auto sector will begin to be pulled back, the manufacturing adviser to the president said on Thursday.

The European bailout of Greece may have prevented catastrophic results but Europe needs to take further action to resolve the region's debt crisis, Chrysler Chief Executive Sergio Marchionne said on Thursday.

Ford Motor Co and General Motors Co posted double-digit sales gains for May that outpaced growth for Toyota Motor Corp as U.S. auto sales rose 19 percent from the depressed levels of a year earlier.

Ford Motor Co sees great options to improve its balance sheet and return to investment grade credit rating as its financial results continue to strengthen, Chief Executive Alan Mulally said on Friday.

Chrysler will probably launch its public offering in 2011 and expects that 2010 will be a better year than it originally had forecast, the company's chief executive said on Thursday.

General Motors Co posted a first-quarter profit as demand steadied in the United States and sales boomed in China, a turnaround the automaker said could put it on track for its first full-year profit since 2004.

The U.S. government has recovered about half of the initial $4 billion in bailout money that was extended to Chrysler Group under the Bush administration, the Treasury said on Monday.

Chrysler Group LLC would need time to find a permanent and stable replacement for providing auto loans if it loses access to bank financing it shares with General Motors Co, Chrysler Chief Executive Sergio Marchionne said on Thursday.