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  • The head of the Canadian Auto Workers says he will try to thwart billionaire investor Kirk Kerkorian's bid for Chrysler, fearing Kerkorian will cost thousands of workers their jobs.

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    "The devil you know": Familiarity may breed more trust than contempt in Detroit, as the United Auto Workers union decides which Chrysler suitor to cozy up with -- or whether to spurn them all in favor of sticking with current ownership. Two industry analysts told "Morning Call" viewers that for all the griping, the UAW may prefer to keep things as they are.

  • These are interesting times for Ron Gettlefinger and the United Auto Workers. What at first blush appears to be a golden opportunity for the union, is a double edged sword. Last Thursday, Kirk Kerkorian's Tracinda Corp made a public bid to buy Chrysler that includes an offer to have the UAW take an equity stake in the company. Once the word got out, people in the industry at the New York Auto Show started speculating the UAW will jump at the chance to own part of the big 3.

  • Kerkorian's bid, about one-fifth of what he offered in 1995, reflects the falling fortunes of Chrysler Group, which lost $1.5 billion last year and has announced 13,000 job cuts in North America and reduced production.

  • Auto industry watchers Jean Jennings of Automotive Magazine and Dave Sedgwick of Automotive News tell Sue Herera what each of the Big Three U.S. automakers are doing wrong and right.

  • The new Chevrolet concept car called "Trax" is displayed at the New York International Auto Show in New York, Wednesday, April 4, 2007. The show opens to the public on April 6, 2007.  (AP Photo/Seth Wenig)

    General Motors is showing off three Chevrolet minicar concept vehicles at the New York International Auto Show, which runs through April 15. But don’t run to your local dealership just yet. It’s likely the cars are still four to five years away, which makes all the buzz around them key to the automaker's development strategy, analysts say.

  • US Senate Majority Leader, Senator Harry Reid

    Billionaire Kirk Kerkorian is looking to buy Chrysler--again. Kerkorian’s investment firm Tracinda is offering $4.5 billion for DaimlerChrysler's  loss-making Chrysler Group unit. But striking a deal may prove difficult considering Kerkorian’s contentious history with the U.S. automaker.

  • General Motors, Ford and DaimlerChrysler reported declines in March U.S. sales, fulfilling analysts' expectations that the Big Three U.S. automakers would all see a drop from the same month last year. Meanwhile, sales at Toyota rose, though less than expected.

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    Tom Libby, an auto analyst for J.D. Power and Associates, told CNBC’s “Squawk Box” that Jeep may be diluting its image with too many “cross-over”models, or SUVs based on cars.“I think long-term there is an issue about whether they’re helping or hurting the brand,” Libby said Thursday. “These new products are car-based. Frankly, the Compass does not look a ‘Jeepish’ – it does not have the masculine, assertive, aggressive look of traditional Jeeps. Long-term, I think there’s the possibility they’ll dilute the image of being a tough, off-road SUV.”

  • Stocks are barely changed ahead of the opening and are likely to trade with some trepidation ahead of a three day holiday weekend. Tomorrow's jobs report is a big point of interest, but stock traders will be home watching their bond market brethren trade the number on a special jobs Friday edition of Squawk Box.

  • Stocks closed higher as diminished tension in the Middle East set a positive tone for the major market indexes, which remained resilient despite lukewarm economic data. "The resolution between Iran and Britain took a dark cloud away, it's the best of all worlds," said Dan McMahon, head of listed trading at CIBC World Markets.

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    Li from MA wants to know how oil and natural gas prices might change given that Iran’s leaders visited Saudi Arabia last month?

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    It’s official: DaimlerChrysler confirms that its Chrysler division is up for sale. The announcement was made today by Chairman Dieter Zetsche at his company’s shareholder meeting in Berlin. Although he did not name potential buyers, private-equity firms Blackstone and Cerberus, and Canadian car group Magna International have reportedly made formal bids on Chrysler. Brad Rubin, auto trading sector specialist at BNP Paribas, and Michelle Krebs, senior editor at Edmunds’ Auto appeared on "Morning Call" to debate whether a sale to private equity would be the best thing for Chrysler’s future.

  • Stocks were mixed in early trading after Iran's president said the British sailors would be freed. Oil moved lower, under $64 a barrel. Oil inventory data is due at 10:30 a.m. EDT.

  • Stocks closed higher across the board Tuesday as investors were encouraged by better-than-expected housing data and a steep pullback in crude oil prices. "The market was pleasantly surprised by the housing numbers," John Massey, portfolio manager at AIG SunAmerica, told "That took out a significant amount of resistance and hesitation in the market, and tensions cooling in Iran led to a pullback in energy. It was a confluence of those two events."

  • General Motors, Ford and DaimlerChrysler reported declines in March U.S. sales, fulfilling analysts' expectations that the Big Three U.S. automakers would all see a drop from the same month last year. Meanwhile, sales at Toyota rose, though less than expected.

  • Paul Sims adds fluids to a 2008 Ford Escape at the Ford Kansas City Assembly plant, Friday, Jan. 26, 2007, in Claycomo, Mo. (AP Photo/Charlie Riedel)

    General Motors, Ford Motor and the Chrysler unit of DaimlerChrysler continue to lose market share to non-U.S. rivals.

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    Stocks are geared up to open higher this morning after yesterday's sluggish activity. Auto sales and pending home sales data are features today.

  • DaimlerChrysler is expected to receive bids from three potential buyers for its U.S.-based Chrysler division, the Detroit News reported on Friday.

  • This weekend, while most of us are reluctantly admitting that our NCAA brackets have gone bust (unless you pick only favorites) the auto industry will be watching the Chrysler sweepstakes. Unfortunately, unlike the college hoops championship, by Monday night it's unlikely we will see a clear winner in the battle for Chrysler.