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Chrysler Financial gets $1.5B | detnews.com | The Detroit News Chrysler LLC's financial arm won a $1.5 billion loan from the U.S. Treasury Department Friday, money that should help the automaker boost sales by making it easier for consumers to finance new cars and trucks. Chrysler Financial LLC got the first $100 million on Friday and became the latest automotive company to receive money from the $700 billion Wall Street rescue fund. Chrysler responded by unveiling a new incentive program to get customers into showrooms. The offer, effective immediately, includes... Article added: 2009-01-19 14:47:00 Article Views Rating: 208
Chrysler focused on boosting quality | detnews.com | The Detroit News -- Chrysler Group LLC officials know quality sells, and they've set on an aggressive path to improve vehicle reliability to boost sales. To that end, they have instituted sweeping changes within the company to catch problems early and correct them faster than in the past. "We have one quality plan with specific goals," Doug Betts, Chrysler senior vice president for quality said Wednesday. He added that while Chrysler execs are unhappy finishing at or near the bottom of recent reliability studies, those... Article added: 2009-11-05 10:37:24 Article Views Rating: 42
Chrysler gas cards' value slips | detnews.com | The Detroit News Surprisingly, some people are longing for the bad old days of last summer when gasoline prices shot up above $4 a gallon. Remember Chrysler LLC's "Let's Refuel America!" Program over the summer? Car buyers had the choice of taking a rebate on their vehicle purchase or picking up a gas card entitling them to three years of gasoline at the low price of $2.99 a gallon. Now, that's not looking like such a great deal. The current price for regular is far less than $2 per gallon. The offer was a direct... Article added: 2008-12-15 07:23:41 Article Views Rating: 133
Chrysler gets $4 billion | detnews.com | The Detroit News Troubled Chrysler LLC late Friday received an initial $4 billion loan from the U.S. Treasury Department, part of the $17.4 billion it and General Motors Corp. had sought to help the companies stay afloat. Chief Executive Robert Nardelli said the loan will allow the automaker to continue its restructuring and pursue "our vision to build the fuel-efficient, high-quality cars and trucks people want to buy, will enjoy driving and will want to buy again." The Auburn Hills automaker, which is privately held... Article added: 2009-01-03 09:19:45 Article Views Rating: 114
Chrysler gives cause for hope | detnews.com | The Detroit News Detroit's auto CEOs have their own style. Ford Motor Co.'s Alan Mulally never wears a suit. A sport coat and tie, but not a suit. Not even when he's meeting the president. General Motors Co.'s Fritz Henderson is almost always in a suit. He's a financial guy. Chrysler Group LLC's new CEO Sergio Marchionne is a sweater and slacks guy, which held true Wednesday when he and his team unveiled the company's business plan here to analysts, media and the world. The atmosphere was hectic, even frantic at times... Article added: 2009-11-05 10:37:24 Article Views Rating: 42
Chrysler has $6.1B, but $5B in monthly costs | The Detroit News | detnews.com For Chrysler LLC, bankruptcy is a real threat, with only $6.1 billion on hand and about $5 billion a month in operating costs. CEO Robert Nardelli made the private company's financial status public this week during his testimony in Washington, D.C., as part of a bid for federal assistance by Detroit's Big Three. Underscoring the automaker's precarious position, the company was placed on 'Rating Watch Negative' by Fitch Ratings Wednesday, on the heels of the disclosure that Chrysler burned through $3.3... Article added: 2008-11-20 08:38:50 Article Views Rating: 121
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: 41
Chrysler has new supply partner | The Detroit News | detnews.com MARYSVILLE -- Chrysler LLC and ZF Friedrichschafen AG of Germany have formed a partnership to run a new axle plant about 60 miles north of Detroit, with production slated to begin in early 2010. The announcement by Chrysler Vice Chairman and President Tom LaSorda suggested business continues as usual for the automaker even as its immediate future may be at risk. The announcement came the same day the CEOs of Detroit's ailing Big Three automakers, including Chrysler CEO Robert Nardelli, were in... Article added: 2008-11-19 07:11:37 Article Views Rating: 131
Chrysler hasn't killed future product plans... yet As you'd imagine, it's pretty tough to run a successful auto company if there's no viable product in the pipeline. Chrysler has seen its fair share of negative press for not announcing a clear strategy to rebuild the heart of its line-up, namely the Chrysler Sebring and the Dodge Avenger, and it's unclear how much life the aging 300C and Charger platform has in it. According to Chrysler's product development chief, Frank Klegon, though, there's nothing to worry about... assuming that the Feds pull... Article added: 2008-12-02 10:58:37 Article Views Rating: 138
Chrysler highlights customer influence in new ad campaign Chrysler LLC will launch is "If you can dream it, we can build it," marketing campaign next week, which aims to create an image that the now private automaker is moving fast to respond to customer needs. Executives today unveiled the new corporate campaign, which ads will debut April 14, during professional basketball and hockey games, and the marketing plans for the Dodge Journey crossover, which kicks off this week. The "If you can dream it" ads are the latest in a series of image-building campaign... Article added: 2008-04-08 05:01:19 Article Views Rating: 227 |
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