A squeak heard while turning the steering wheel may indicate that the rubber boot seal on the steering shaft needs some trimming and lubrication.Google+
Car Problem Reports
Chrysler Sebring Squeak in Steering Column Due to Rubber Boot or Seal
Chrysler Sebring Problem
Average Mileage: 55,668 mi (37,008 mi - 96,000 mi)
Visitor, 2010 Chrysler Sebring, 50,000 mi
Squeak comes from rubber boot where steering column passed through from cabin to engine compartment. Squeak sound come from inside the cabin and only occurs when car is cold any wheel is turned while stopped or moving slowly. Spraying wd-40 on the boot stopped the noise problem for about 6 months. Have to spray again. I might try silicone grease this time. This seems to be a common problem with the Sebring.
Visitor, 2007 Chrysler Sebring, 37,008 mi
I have not fixed this yet
Same problem with rubber boot when cold. This goes away as the cabin heats up. Wd-40 helps for a few months.
Visitor, 2008 Chrysler Sebring, 50,000 mi
Mine sqeeks terrible at inital driving of vehicle, once its been running for a while no more...kind of sounds like rubbing, combined with another whine...it sometimes confuses me with power steering pump whine.
Visitor, 2004 Chrysler Sebring, 96,000 mi
I haven't been able to fix the problem.