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Chrysler lays out lofty revival plan | detnews.com | The Detroit News -- Chrysler Group LLC Chief Executive Sergio Marchionne laid out an ambitious, detailed plan Wednesday to revive the struggling Auburn Hills automaker by replenishing its lineup with high-quality and attractive models to more than double sales within five years and start generating profit in 2011. His bold program for Chrysler, which resembles his turnaround plan for Fiat SpA's Fiat Auto a few years ago, focuses on rebuilding Chrysler's bruised brands. By offering Chrysler immediate and unfettered... Article added: 2009-11-05 10:37:21 Article Views Rating: 40
Dodge, Jeep, Chrysler get makeover | detnews.com | The Detroit News Chrysler Group LLC wants to hit the restart button on its entire lineup, refreshing, redesigning or replacing every car and truck, swapping out engines and creating vehicles people want. By 2012, Chrysler will have overhauled or replaced its entire lineup. Good luck. Right now, Chrysler is dangling off a cliff. The automaker is growing smaller every month and sits at the bottom of most quality ratings. There may be reasons behind the poor quality of its vehicles, but consumers see them as excuses, and... Article added: 2009-11-05 10:37:19 Article Views Rating: 35
Chrysler to cut prices on 2010 pickups | detnews.com | The Detroit News The redesigned 2010 Ram 2500 and 3500 Heavy Duty pickups will offer more content at a lower price, Chrysler Group LLC announced today. The big rig pickups will start at $28,165 for a regular cab models, $31,415 for Crew Cab models and $36,865 for Mega Cab models. For this model year, Ram will discontinue the Quad cab heavy duty trucks, replacing that with the larger Crew Cab model. All prices include $950 for shipping. The new Ram adopts the looks introduced in the Dodge Ram 1500 pickup last year... Article added: 2009-10-26 12:46:47 Article Views Rating: 48
Chrysler has deal for plant in Delaware | detnews.com | The Detroit News Old Carco LLC, the estate of bankrupt Chrysler, is seeking court approval to sell the automaker's mothballed Newark, Del., SUV factory to the University of Delaware for $24.3 million. The request, filed in bankruptcy court Friday, follows 18 months of trying to sell the property, which covers 271 acres and includes a parts depot plus the plant that churned out Dodge Durango and Chrysler Aspen SUVs until it closed in December. Both sides are eager to complete the sale, and a hearing is set for Nov. 12... Article added: 2009-10-26 12:46:43 Article Views Rating: 40
Teamsters protest Chrysler changes | detnews.com | The Detroit News The International Brotherhood of Teamsters demonstrated Friday at Southfield Dodge Chrysler Jeep, one of 15 Michigan dealerships and 70 nationwide where the union staged protests as part of its campaign to protect the jobs of union car haulers. The union is angry with Chrysler Group LLC for shifting some work to nonunion companies to save money, and fears General Motors Co. may follow suit. The companies say they need to cut costs. [source] Article added: 2009-10-19 06:02:17 Article Views Rating: 72
Dispute between Chrysler Financial, GMAC traps Chrysler dealers | detnews.com | The Detroit News An undetermined number of Chrysler Group LLC dealers are at risk of closure within a month, caught in a dispute between their former finance company and their new lender. Imperiled dealers are those with mortgages and capital loans with former captive finance company Chrysler Financial but who need a line of credit from new lender GMAC Financial Services to buy vehicle stock with a wholesale or "floor plan" loan. They have temporary financing but face a mid-November deadline to secure permanent... Article added: 2009-10-19 06:02:14 Article Views Rating: 30
CAW optimistic on Chrysler | detnews.com | The Detroit News Leaders of the Canadian Auto Workers union left a six-hour meeting with Chrysler Group LLC executives with substantially more optimism about the future of the automaker than they had going in. "I left feeling pretty good, and, frankly, I went there pretty down," said CAW President Ken Lewenza, describing Thursday's meeting with Chrysler Chief Executive Officer Sergio Marchionne, which stretched from a scheduled three hours into six and included an impromptu dinner. Lewenza said the five union leaders... Article added: 2009-10-19 06:02:14 Article Views Rating: 23
GMAC: Most Chrysler dealers to qualify for new loans | detnews.com | The Detroit News GMAC Financial Services President Bill Muir said Sunday that the number of Chrysler dealers expected to close because they don't qualify for new loans through the lender is likely to be small. GMAC was designated the new finance company for Chrysler Group LLC dealers after the automaker filed for bankruptcy. The Detroit News reported Saturday that some dealers said they had been told by GMAC and Chrysler officials that hundreds of dealers were at risk of not being able to finance with GMAC. The U.S... Article added: 2009-10-19 06:02:10 Article Views Rating: 23
Fiat chief to reveal Chrysler plan in Nov. | detnews.com | The Detroit News -- Sergio Marchionne, chief executive of Fiat SpA and Chrysler Group LLC, told reporters here that he would present a restructuring plan for the U.S. automaker in November. Marchionne, who spoke briefly with reporters during a tour of the Frankfurt Motor Show, did not elaborate. Asked about Fiat's goal to create a group with sales of between 5 million and 6 million vehicles, Marchionne said that could be achieved with Chrysler once the economy and car markets stabilize Fiat owns 20 percent of Chrysler... Article added: 2009-09-17 13:17:58 Article Views Rating: 281
Senate leader urges GM, Chrysler dealership talks | detnews.com | The Detroit News -- A key Senate leader is urging General Motors Co. and Chrysler Group LLC to negotiate a compromise with groups representing more than 2,000 dealerships that are slated to close as the automakers restructure. Sen. Richard Durbin of Illinois, the No. 2 Democrat in the Senate, on Monday sent letters to GM President and CEO Fritz Henderson and Chrysler CEO Sergio Marchionne urging them to reach a deal on the dealership issue "at the negotiating table." The House passed a spending bill in July that seeks... Article added: 2009-09-17 13:17:57 Article Views Rating: 271 |
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