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Chrysler's Renaissance
By Brian Gorman
June 6, 2005

The American auto industry is a long way from its glory days. These are especially dark times for Ford (NYSE: F) and General Motors (NYSE: GM). Both have increased incentives to the point that they're practically giving their models away to hang onto to shrinking market shares. The recent downgrade in their credit ratings is more than enough to make investors run for cover.

The picture is quite different for the third member of Detroit's Big 3, DaimlerChrysler's (NYSE: DCX) Chrysler group. Granted, Chrysler's May results were hardly a clear indicator of resounding success, because, on an unadjusted basis, sales declined 3%. Still, when corrected for fewer selling days compared with May 2004, Chrysler sales rose 6%...
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