2. Freezing February stalls U.S. auto sales
Chrysler is bucking the trend, with Americans dying to get behind the new Jeep Cherokee SUV. Despite their "Made in Detroit" ad campaign, it's their Italian owner, Fiat, that's tipping back Peronis to celebrate. Chrysler is on an amazing 47-month run of sales gains, and it has become Fiat's American golden boy.
Four-wheel drive was still selling big, too. Trucks, SUVs, and crossovers were leading in comparison with standard car sales, which dropped 14% for Ford in February. CEOs will continue to deflect analysts' tough questions to their chief executive weathermen until spring brings people back to dealership lots.
- Federal Reserve President Jeffrey Lacker speaks
- Fourth-quarter corporate earnings: RadioShack