• I haven’t gotten any questions yet today like, ‘Will you be here next year?’
• Chrysler chief executive Sergio Marchionne • On the company’s slow bounceback. Chrysler hasn’t had the dramatic turnaround that Ford and GM have had since the nadir of the financial crisis, but they appear to be making headway with a new generation of vehicles – particularly the newest Jeep Grand Cherokee, which has done well despite the fact that SUVs have fallen out of fashion lately. The company’s collaboration with Fiat has also helped buoy Chrysler. So, how about paying back those loans from the bailout and other sources? “We are going to repay one hundred cents on every dollar of loans we received,” Marchionne said. source

• $2 billion in profits for GM in the third quarter alone (*golf clap*)

Three reasons why this is good news:

• one It’s shaping up to be their first profitable year since 2004 – long before we heard anything about auto industry bailouts.
• two Most of the profits came from North America, where the company has been fairly weak in recent years. (Too many SUVs.)
• three GM has an IPO coming very soon, and a solid performance like this bodes well for their return to stocks. source