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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 plan to Congress requires $7 billion in loans to ward off death We've already seen GM and Ford issue their pleas for government loans, and now it's Chrysler's turn. The only privately-owned automaker of the three released a 13-page document outlining the aid it seeks from the Feds and how it plans on spending our hard-earned cash. If you want to read the full text, it's available after the jump. But the condensed version follows.Chrysler is requesting a $7 billion "secured working capital bridge loan" by December 31st, citing the collapse of the light-duty vehicle... Article added: 2008-12-03 07:00:11 Article Views Rating: 139
Chrysler plans road show to urge dealers to order vehicles | detnews.com | The Detroit News NEW ORLEANS -- Chrysler LLC plans a major sales push and cost-cutting campaign to strengthen its ability to survive ahead of a March 31 deadline to show the government it has a viable future, company executives told dealers Sunday. Chrysler Vice Chairman and President Jim Press, along with other executives, urged dealers gathered at the National Automobile Dealers Association annual convention to order their normal allocations of vehicles for February and March -- despite a sales slump that is squeezing... Article added: 2009-01-26 06:38:15 Article Views Rating: 152
Chrysler product developer quits after 2 months on the job Twenty-four year Chrysler employee Mike Donoughe has left the company after two months in his new post. Named to head Project D in January of this year, the program is creating new mid-sized cars that would replace the Sebring and Avenger and have actually have a chance against the Camcordimabu. Chrysler says that there was no conflict, but other outlets have reported that Donoughe clashed with CEO Bob Nardelli and so-called Acting Chief Innovation Officer Peter Arnell. Arnell is an outside marketing... Article added: 2008-03-31 04:36:46 Article Views Rating: 194
Chrysler receives $4B loan | 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 09:19:46 Article Views Rating: 137
Chrysler retirees lose life insurance Chrysler LLC's white-collar retirees are losing free life insurance benefits but are eligible for a one-time pension boost of up to $4,000, according to a letter retirees should receive this week. Previously retirees were covered by a life insurance policy at no charge, with a death benefit equal to their last year of pay, for those who retired before 2003, or $50,000 for those who retired after that. Chrysler is allowing affected retirees a one-time opportunity to buy into a voluntary plan through... Article added: 2008-04-01 05:38:27 Article Views Rating: 209
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
Chrysler Sales Drag Rock Bottom Down 19% In March Chrysler LLC today reported total March 2008 sales of 166,386 units which is 19 percent belowthe same period last year. Total March sales reflect a combination of positive consumer response to new models, a sustained and planned reduction in daily- rental fleet vehicle sales and an industry-wide slowdown in large pickup truck and SUV sales. All sales figures are reported as unadjusted. "We are in a period where the public hears news about the economy every day and it is clearly... Article added: 2008-04-02 07:37:31 Article Views Rating: 129
Chrysler seeks your feedback Nitpickers, armchair engineers and crabby car buyers, Chrysler LLC is looking for you. The automaker today starts recruiting members for its Customer Advisory Board, an online forum where Chrysler staffers solicit direct feedback from car buyers. The idea for such a network is taken from consumer giants such as Nike and Apple, but will be a first for the auto industry, said Debra Meyer, Chrysler's chief marketing offer. "We want to harness insights and customer dreams into things we can use concretely... Article added: 2008-03-24 07:43:25 Article Views Rating: 228
Chrysler starts to seek concessions necessary for recovery plan | detnews.com | The Detroit News DETROIT -- Chrysler LLC will meet with many of its stakeholders over the next two weeks to seek concessions to meet the targets outlined in the automaker's recovery plan. Chairman Robert Nardelli told reporters at the North American International Auto Show on Sunday that a range of concessions is being sought, but he would not be specific about the company's requests. Chrysler received $4 billion from the government in emergency loans last month that require the automaker to dramatically restructure... Article added: 2009-01-12 06:34:13 Article Views Rating: 176 |
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