Chrysler Forecasts 1% Market Share Gain

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Chrysler Sees '07 Gain in U.S. Share [Wall Street Journal]

Summary: DaimlerChrysler AG's Chrysler Group met with auto dealers yesterday in Detroit. The news: It expects to gain nearly a full percentage point of U.S. market share over the next year thanks to some improvement on previous models, and other brand-new versions that put them in markets they haven't competed in previously. Now they just have to figure out how to get rid of their current, bloated in-house inventory, and the cars and vans sitting in the hands of impatient dealers. New models: the redesigned Chrysler Sebring, a midsize sedan; a Dodge version of the same car, the Avenger, due in the first quarter; and a new line of Jeep vehicles next year. Chrysler expects to lose $1.5B in Q3; sales have been hurt by rising interest rates and fuel costs.
Related links: Chrysler's Attempt to Lower Inventory Hits Roadblock • Detroit Gets it Right This Time
Potentially impacted stocks and ETFs: DaimlerChrysler (DCX), Ford Motor Co. (F), General Motors Corp. (GM), Toyota Motor Corp. (TM) • iShares Dow Jones Transportation Index ETF (IYT)

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