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Chrysler reviews options NORFOLK, Va. -- Chrysler Chairman and CEO Robert Nardelli said Friday the company might see the need to get rid of some larger vehicle models or further shrink capacity if gas prices continued to rise. Though plans are "not yet" in the works, Nardelli said it wasn't out of the question. "The operative statement is 'not yet.' We'll continue to sense the market," he said after an event honoring military appreciation month. Chrysler donated a vintage Jeep and $100,000 to the General Douglas MacArthur... Article added: 2008-05-26 14:49:11 Article Views Rating: 160
Gas prices could force cuts at Chrysler NORFOLK, Va. -- Chrysler chairman and CEO Robert Nardelli said Friday the company might see the need to get rid of some larger vehicle models or further shrink capacity if gas prices continued to rise. Though plans are "not yet" in the works, Nardelli said it wasn't out of the question. "The operative statement is not yet. We'll continue to sense the market," he told a small group of reporters here after an event recognizing military appreciation month. Nardelli said some of its customers were shifting... Article added: 2008-05-26 14:49:12 Article Views Rating: 160
Dec. 22 letter from Bob Nardelli to Chrysler employees | detnews.com | The Detroit News Dear Employees, As this eventful year draws to a close, I'd just like to take a moment and once again express my personal appreciation and thank you for your commitment and dedication to Chrysler LLC. Reflecting back on the year, I'm sure we can all agree that this one stands out for the extraordinary challenges we faced, as well as for the many accomplishments we can look back on. We are grateful to the U.S taxpayers and the U.S. Treasury Department that they will provide a loan to Chrysler to help... Article added: 2008-12-23 06:51:44 Article Views Rating: 160
Enough Is Enough? Cerberus May Give Up On Chrysler And It's 4 Billion Bailout Portion Unlike General Motors, Chrysler has provided few specifics on how it plans to overhaul its operations after receiving federal loans.After President Bush announced loans for both companies on Friday, Chrysler’s parent, the private equity firm Cerberus Capital Management, said in a statement that it hoped to “facilitate the restructuring and the recapitalization of Chrysler.”But in the same statement, Cerberus raised questions about whether it would remain an investor if Chrysler... Article added: 2008-12-23 06:51:46 Article Views Rating: 160
GM, Chrysler suffer more ratings downgrades | detnews.com | The Detroit News A federal bailout of $17.4 billion was not enough to keep Standard & Poor's Corp. from downgrading the credit ratings of General Motors Corp. and Chrysler LLC today on continued concerns both automakers will undertake distressed debt exchanges and fears bankruptcy will remain a risk in 2009. "We've been pretty clear all along that this government money we view as buying these companies time, but not solving their problems," said Robert Schultz, the S & P credit analyst behind both reports, in an... Article added: 2008-12-23 06:51:44 Article Views Rating: 159
Chrysler to cut ‘twins’ from its lineup With Project Genesis already underway at Chrysler the fat is truly being trimmed in order to turn things around for the ailing car maker. The latest step is an elimination of all ‘twin’ models - cars that look essentially the same, based on the same platform, that target the same buyers, but sold under different brands. Prime examples of the failed ‘twin’ scheme include the Dodge Avenger/Chrysler Sebring pair, the Jeep Liberty/Dodge Nitro, and the Chrysler Aspen/Dodge Durango... Article added: 2008-04-20 07:58:40 Article Views Rating: 158
Chrysler wants small cars as soon as possible The Detroit 3 are hoping to change their reputation for chiefly supplying petrol-thirsty SUV’s, with a view to getting small and mid-sized vehicles onto the market as soon as possible and one of the most active among the trio is Chrysler. The carmaker’s co-president and former CEO, Tom LaSorda, has echoed this view, stating that Chrysler is engaged in building a new global mid-sized vehicle under its Project-D program. While Project D focuses on creating a new global mid-size car, Chrysler is... Article added: 2008-05-12 10:09:02 Article Views Rating: 158
Chrysler Outpaces GM To The Bottom Of The Heap: November Sales Fall 47% Chrysler LLC today reported total November 2008 US sales of 85,260 units, down 10% versus October 2008 94,530 units, and down 47% from the same month last year. Inside these total numbers, fleet sales decreased 63% versus last November, as planned, and retail sales were in line with the retail industry down 36%. The company's U.S. retail market share increased 0.6 percentage points in November. "2008 will go down as unlike any other year in the industry, and thus, comparisons to 2007 sales have... Article added: 2008-12-03 07:00:18 Article Views Rating: 158
Chrysler: Back to the midsize In the highly competitive midsize car market, Chrysler LLC's offerings get lost in a sea of Toyota Camrys and Honda Accords. Those Asian models outsell the automaker's Dodge Avenger and the Chrysler Sebring by as much as four-to-one. But the midsize car market is a segment in which the struggling Auburn Hills automaker thinks it can do better and has dedicated a team of about 100 engineers to reshape its models. A competitive entry in the so-called D segment would be very profitable for Chrysler and... Article added: 2008-04-28 06:23:36 Article Views Rating: 157
CAW gets GM, Chrysler pact New labor deals between the Canadian Auto Workers and Detroit's Big Three will protect wages and save thousands of union jobs, but also may threaten the long-term survival of Canada's struggling auto industry. The CAW on Thursday announced tentative three-year deals with General Motors Corp. and Chrysler LLC that follow a pattern set by a Ford Motor Co. contract ratified last week. The bargaining ended months before the current contracts expire and lacked the high drama of last year's U.S. labor talks... Article added: 2008-05-16 07:20:06 Article Views Rating: 157 |
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