Be extra careful when you read Bloomberg this morning. It will make you think you had one too many last night. The financial news service reports that Chrysler posted a $143 million operating profit in the first quarter,“after cutting costs and introducing a big pickup.” It’s a miracle alright. (Read More…)

A day after Ford’s attempt to abscond with Volkswagen’s thunder, the boys in Wolfsburg delivered just the right antidote: Forget the single brand modern math. Stop moving countries around the map. Volkswagen Group’s worldwide deliveries grew 24.6 percent in the first quarter of 2010, says Europe’s (still) largest auto maker in a press release. The positive trend that lifted global automotive markets by 19.4 percent should not remain unnoted. Volkswagen is outperforming the market, and that means gaining market share.

And where does that first quarter growth come from? You guessed it: (Read More…)