According to the U.K.'s Times, U.S. investment bank JPMorgan is preparing to start an auction of the Chrysler Group on behalf of DaimlerChrysler. It was rumored that Hyundai may have been interested in buying the troubled automaker, but those rumors have been denied. That leaves GM as the only company currently interested in acquiring the group (not confirmed). It is rumored that GM is basically interested in Jeep and Dodge, but will buy the whole group if it is necessary. It is estimated that if it does go up for sale the Chrysler Group could go for $13 billion.

It has just been reported by Reuters that Chrysler is going to issue a recall of 489,000 vehicles. The recall is for three different models. 328,424 Dodge Durangos (2004-2006) are being recalled because of electrical problems, 149,605 Jeep Liberty SUVs (2006-2007) are being recalled because the blower motor could fail and 10,994 Dodge Avenger sedans (2008) are being recalled due to latch problems. There was also a recall last month of 51,000 vehicles that had brake issues.

Chrysler has revealed the refreshed 2008 Jeep Grand Cherokee. Notable changes for the new year are a new 4.7L V8 engine, and styling changes inside and out.

Toyota's sales increased 9% last month compared to March 2006. This was largely driven by sales of the new Camry, the RAV4 and the Prius.

Chrysler has unveiled the all-new 2008 Jeep Liberty at the New York Auto Show today. The new SUV is built on the same platform as the new Dodge Nitro, which you can easily tell.

Kelly Blue Book has compiled their list of the top 10 coolest cars under $18,000. Today as the average car price is well into the $20,000's it is good to know that there are cheaper alternatives that are still cool to own.

According to a report by the Automotive News, between September 2006 and February 2007, 48.5% of Chrysler brand sales were to fleets. That is an increase of 10% from the same period a year ago. 44.9% of Pontiac sales go to fleets, which is slightly lower than the 46.2% from the year earlier.

April's auto sales numbers have just been posted and almost every major automaker had a sales decrease last month. Even the Asian automakers that have been making headlines for their sales gains, took a hit.

Just in case you thought the Jeep Compass couldn't get an uglier, Chrysler has just announced a Rallye package for the wannabe SUV.

Edmunds.com has posted a list of the most wanted cars in 2007 based on reader feedback. Out of the 32 categories you may be surprised which automaker took home the most awards....

For months there have been rumors and internal statements about the possible sale of Chrysler, which would result in the end of the current relationship with Daimler-Benz. The partnership that was announced in 1998 has now come to an end. Cerberus Capital Management has won the bid to take over the Chrysler group for $7.45 billion.

According to California Attorney General Jerry Brown, the federal government may need to bail out U.S. automakers in order to keep them in business. The bail out could amount to several billion dollars.

According to an article by BusinessWeek, ex-Chrysler chief Lee Iacocca stated that, "Daimler screwed Chrysler royally" in the nine years that it owned Chrysler. According to Iacocca the recent sale of Chrysler to Cerberus Capital Management was out of desperation.

Apparently Chrysler executives have admitted to their employees that the automaker misjudged the market for the new Chrysler Sebring and Dodge Nitro SUV. In a recent Q&A session a top Chrysler executive addressed the issues with Chrysler employees and assured them that the automaker is moving fast to correct the mistakes.

Earlier this week, Ford confirmed that the automaker has hired Goldman Sachs and Morgan Stanley to sell the Jaguar and Land Rover brands. Now according to recent reports, Cerberus, the firm that just bought Chrysler is also looking at the possibility of buying Jaguar and Land Rover.

In 2006 Chrysler made more cars than dealers wanted. Since the automaker had no dealers that wanted them, they stored them in various places around Detroit. Well now Chrysler is trying every way that they can to get rid of them. Deep discounts and significant rebates have not done the trick, so now Chrysler is going to allow dealers to label the new cars as "used" in hopes that people will finally buy them.

With gas prices consistently at record highs and consumers increasing demand for fuel-efficient vehicles, Chrysler has announced new plans to boost the fuel mileage of their cars and trucks. The new family of V6 engines will have cylinder deactivation technology, which will allow them to run on 3-cylinders when less power is needed. The automaker also plans to place its new two-mode hybrid powertrain in more of its vehicles.

Chrysler and its partner Getrag have built a $530 million gearbox plant in Indiana to build 700,000 dual-clutch transmissions per year starting in 2009.

Jeep has announced the pricing for its all new 2008 Liberty SUV. In general the new Liberty is about $1,000 cheaper than the outgoing model. A base Jeep Liberty 4x2 will start at $20,990 when it goes on sale this summer, which is $1,270 less than the 2007 model. The base 4x4 model will start at $22,600 and the Limited model will start at $25,175 for the 4x2 model. The 4x4 Liberty Limited is going to start at $26,785.

Chrysler has stomped on the 10yr warranties that are currently being offered by some automakers by offering an industry first lifetime warranty. The warranty applies to every new car and truck that Chrysler sells (remaining 2007 models and all 2008 models). The warranty which goes in effect today will cover the entire powertrain including the engine, transmission/ transaxle, drive shafts and axles.

Forbes has put together a list of the top 20 most dangerous vehicles on the road. The Buick Rendevous SUV/ Minivan topped their list as possibly the worst car to buy right now in terms of safety. Compared to other minivans the Rendevous is up to three times more likely to cause a fatality.

Last month will go down in the record books as the first month that Detroit's Big 3 (Ford, GM and Chrysler) sold less vehicles than their foreign competitors. Sales from Ford, GM and Chrysler only made up 48.1 percent of all vehicles sales in the U.S. last month, while foreign competitors made up 51.9 percent.

The New York Times has just announced that former Home Depot CEO, Robert L. Nardelli is going to be appointed as the new CEO of Chrysler. Earlier this year Nardelli was ousted from his chief executive position at Home Depot due to arguments with stock holders over his enormous pay package.

Or Maybe not... According to BusinessWeek Volkswagen takes the award for having the most recalled 2007 models. VW recalled just over 1 million New Beetles because of faulty brake light switches.

KGP spy photographers have caught what appears to be a Jeep Wrangler-based pickup truck. It seems that Jeep is working on a production version of the Jeep JT Concept.

Yay for more recalls! Chrysler announced today that the automaker is recalling almost 300,000 Jeep and Dodge SUVs due to potential brake problems.

According to a new analyst report by Goldman Sachs the "Big 3" all had sales declines last month.

Every automaker is going "green" these days. The growing popularity of hybrids and the emergence of clean diesels in the next few years is going to make going "green" even more viable.

Things are definitely changing over at Chrysler since the new owners moved in. Now there are rumors that Chrysler is going to announce the death of five of its slower selling models.

It was rumored earlier this month that Chrysler execs have been discussing the possible killing off of their slowest selling models.

There has been speculation that Chrysler is going to start killing off its slower selling models.

Chrysler has just announced that the automaker will shutdown most of its operations in July for 2 weeks.

Kelley Blue Book has released its list of the top ten coolest vehicles under $18,000 for 2008. Most of us can think of a list of cars that we would "label" as cool, but most of these cars probably don't list for under $18,000.

Gas prices are out of control and are forcing many buyers to rethink their current vehicles. This has killed sales of large trucks and SUVs. Chrysler has just announced a promotion to hopefully win more buyers that still want an SUV or truck, but can't imagine paying over $4 bucks to fill it up.