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Main > Car Makers News > Other > 2008 International Engine of the Year nominees chosen There are many publications, organizations and companies that hand out awards to the automotive industry for its various technical and design achievements, but few are so lauded as the winner of the International Engine of the Year competition. Judged by a panel of 62 of the world’s top automotive journalists from around the globe, the engine that comes out on top - or tops in its class - can lay claim to being the best there is. For a year, at least. The reigning International Engine of the Year... Full article... Article added: 2008-04-20 07:59:08 Article Views Rating: 291 Main > Car Makers News > Other > CAFE to cost Japan half what it will cost Detroit The cost of the United States’ new CAFE regulations has been widely speculated - and the figures are generally expected to be high - but the first real calculations of what impact the legislation will have on the industry are beginning to be developed. One analyst firm things the American Big Three will end up paying at least twice what Japan’s three largest auto makers will have to pay to comply with the standards. The cost of meeting the goals, which require makers to average 31.6mpg... Full article... Article added: 2008-05-26 14:49:02 Article Views Rating: 112 Main > Car Makers News > Chrysler > Chrysler aims to cut costs by 25% over three years Chrysler has revealed another element of its three year turnaround plan with news today from the carmaker’s purchasing chief John Campi that plans are in place to reduce costs by 25 percent over the next three years. Speaking at a recent supplier conference, Campi said that significant changes in manufacturing and purchasing operations will help reach the target and that any potential savings will be shared among the suppliers as well. Some of the initiatives include a 30 day timeframe for production... Full article... Article added: 2008-05-20 06:35:54 Article Views Rating: 168 Main > Car Makers News > Chrysler > Chrysler could cut top-end Avenger and Sebring Cutting models while adding value to existing mid-range trims could be the new tactic at Chrysler as it fights to regain sales and stability in the turbulent market. The changes are wrapped up in a plan called “Fight Back” that the carmaker is rolling out to parts suppliers this week, and things are set to kick off with a realignment of the Dodge Avenger and Chrysler Sebring lines. What the new fighting strategy means is that the Avenger and Sebring may lose their top trim levels while some... Full article... Article added: 2008-07-21 08:44:06 Article Views Rating: 169 Main > Car Makers News > Chrysler > 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... Full article... Article added: 2008-03-22 19:54:08 Article Views Rating: 181 Main > Car Makers News > Chrysler > Chrysler open to more model sharing deals Chrysler CEO Bob Nardelli has revealed that his company is open to sourcing more models from rival carmakers in its bid to offer more fuel-efficient models and adapt to changing consumer demand. Last month Chrysler signed a deal with Nissan to source the compact Versa hatch to expand its U.S. line-up in return for a large pickup truck, and depending on market conditions we may see even more product swaps. Nardelli said that any further decisions would be based on market demand, and if Chrysler... Full article... Article added: 2008-05-29 04:22:34 Article Views Rating: 175 Main > Car Makers News > Chrysler > Chrysler to remain unprofitable in 2008 Chrysler CEO Robert Nardelli announced Thursday night that Chrysler will not see a profit at the end of the year. The head of Chrysler was not disappointed though, stating the company was on track to meet the goals it had promised new owner Cerberus Capital Management. While Chrysler hasn’t said when it expects to return to profitability, Nardelli was keen to demonstrate just how willing the carmaker was to turn around its fortunes through producing a quality product. Nardelli told the SAE World... Full article... Article added: 2008-04-20 07:58:56 Article Views Rating: 168 Main > Car Makers News > Chrysler > 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... Full article... Article added: 2008-05-12 10:09:02 Article Views Rating: 158 Main > Car Makers News > Chrysler > Chryslers exec reveals strategy for future model lineup Chrysler has announced it will undertake major changes to its product lineup in order to compete on the world stage. The strategy outlined by its executive VP for product development, Frank Klegon, reveals a car company struggling to adapt to a changing world market but with potential to change its past performance. Priority on the list of changes has been given to developing a new midsize platform for the all important D-segment. Chrysler’s current offering, the Sebring, has been slammed by both... Full article... Article added: 2008-04-17 07:39:20 Article Views Rating: 184 Main > Car Makers News > Other > CSM forecasts global auto market rebound in 2009 Drawing on a host of statistics, trends and no small share of black arts, the industry analyst group CSM Worldwide has announced a forecast for the auto industry that shows a slow 2008 followed by a robust 2009, ramping up to 17.7 million units worldwide by 2014. CSM also sees growth returning to the North American market in 2009, but calls it ’slow but steady,’ with most of the benefit going to the so-called ‘Asian 4′ - Toyota, Honda, Nissan and Hyundai/Kia. Smaller cars will be... Full article... Article added: 2008-04-04 06:07:48 Article Views Rating: 141 |
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