Ford to Chrysler Gain as U.S. Auto Industry Seen Avoiding Slump
This article is for subscribers only.
Ford Motor Co. and Chrysler Group LLC overcame a quirk in the industry sales calendar to post surprise U.S. gains for September while others, including General Motors Co. and Toyota Motor Corp., slumped more than predicted.
Analysts had projected a 2.8 percent drop in sales for Fiat SpA-controlled Chrysler, which would’ve been the company’s first drop in 42 months. Instead, Chrysler deliveries climbed 0.7 percent to 143,017. Ford said sales of its cars and light trucks rose 5.7 percent to 184,452. Analysts surveyed by Bloomberg News had estimated little change.