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Chrysler CEO expects U.S. market to slide further Chrysler CEO Bob Nardelli has repeated statements made by a number of CEOs from rival carmakers including Renault-Nissan’s Carlos Ghosn that the U.S. auto market is likely to slide even further and there’s no prediction of a recovering any time soon. Nardelli expects sales this year to drop below 15.5 million units, down from 16.1 million the year before, and is predicting 2009 will have an even lower tally. Chrysler sales in the U.S. have already dropped 15.5% in the first three months of the year... Article added: 2008-05-03 09:05:12 Article Views Rating: 183
Fiat in talks with Chrysler, confirms 500 for U.S. The worsening exchange rate differential between the strengthening euro and weakening U.S. dollar means importing European manufactured models to North America is now significantly more expensive than just a few years ago. It’s a problem Alfa Romeo has to juggle with as it attempts to re-establish itself in the U.S. next year, but there’s hope for the Italian carmaker in the form of idle capacity at American auto plants. The CEO of parent company Fiat, Sergio Marchionne, has hinted at production of... Article added: 2008-04-16 05:52:13 Article Views Rating: 182
Chrysler LLC can't survive, expert says | The Detroit News | detnews.com DETROIT -- Chrysler LLC cannot survive intact, even with a government loan, an automotive analyst said Wednesday. The road ahead for Detroit's automakers, which are losing ground in North America to foreign competitors, is grim, CSM Worldwide forecasters said, predicting that Detroit's Big Three automakers will become the "Detroit Two." It would be best for everyone involved if Chrysler were allowed to gracefully wind down and go away in a controlled, staged process, Michael Robinet, CSM vice president... Article added: 2008-12-11 06:59:26 Article Views Rating: 182
Chrysler expects to be profitable within 3 years With Chrysler’s new owners Cerberus Capital Management making the hard and fast decisions, the carmaker is now on track to return to profitability. Even with the worsening U.S. economy and fluctuating exchange rates and commodity prices, CEO Bob Nardelli is confident Chrysler will be profitable within the next couple of years despite predictions the market will remain sour. Analysts expect U.S. auto sales to fall to 15.5 million cars this year, down from 16.1 million last year, but despite his... Article added: 2008-03-22 19:54:08 Article Views Rating: 181
Chrysler offering in-car web access later this year Chrysler may be struggling with vehicle styling and interior quality, but the gang in Auburn Hills sure does love the gadgetry. Sirius satellite TV, heated and cooled cupholders, and Swivel-N-Go seating will soon be joined by in-car Internet access. The Washington Post reports Chrysler will utilize cell tower signals and a mobile phone account to make the radio a WiFi port, giving passengers access to the web. The technology will be offered as a dealer add-on for existing models later this year, and it... Article added: 2008-03-24 07:43:26 Article Views Rating: 181
GM, Chrysler rush plans | detnews.com | The Detroit News General Motors Corp. and Chrysler LLC are scrambling to finish key negotiations and fine-tune restructuring plans that will dramatically transform companies pushed to the brink of bankruptcy late last year. The automakers have had more than two months to slash costs and prove they can repay up to $17.4 billion in federal loans, despite the worst U.S. auto sales market since the 1980s. Preparations are expected to continue through the weekend to meet Tuesday's deadline to submit plans to the U.S... Article added: 2009-02-15 18:02:47 Article Views Rating: 181
Canada wants Chrysler to flesh out plans | detnews.com | The Detroit News OTTAWA -- The Canadian government needs to get a better idea from Chrysler Canada about the implications for this country of the company's financial restructuring plan, said Industry Minister Tony Clement. In an interview Sunday on CTV's "Question Period," Clement said he is especially interested in finding out what product lines Chrysler LLC has in mind for its plants in Windsor and Brampton, Ontario. Chrysler provided only a sketchy outline of its latest proposals Friday, sending a brief letter to the... Article added: 2009-02-23 15:09:05 Article Views Rating: 181
Chrysler moving fast on in-car Internet Working and thinking like a small company is how Chrysler hopes to weather the current economic storm. We told you just last week about Chrysler’s plan to implement new technologies and product updates on-demand rather than waiting for product refresh cycles, and now it looks like one of the first implementations of the fast-moving method with be the addition of in-car web access to its lineup. Initially the user will need a wireless phone subscription to access the Internet, because the system... Article added: 2008-03-22 19:53:33 Article Views Rating: 180
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 06:51:53 Article Views Rating: 180
GM, Chrysler press dealers to order cars in coming months | detnews.com | The Detroit News General Motors Corp. and Chrysler LLC on Sunday urged dealers to keep ordering new cars and trucks in coming months despite an industrywide sales slump that has kept vehicles piling up on dealer lots. During a meeting at the National Automobile Dealers Association convention, Chrysler told dealers it will launch a major push to get retailers across the country to order vehicles, and consumers to buy them, ahead of a March 31 deadline to convince the government the automaker can survive. Chrysler and GM... Article added: 2009-01-26 06:38:13 Article Views Rating: 180 |
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