Chrysler has disbanded a team of engineers dedicated to rushing a range of electric vehicles to showrooms and dropped ambitious sales targets for battery-powered cars set as it was sliding toward bankruptcy and seeking government aid.
Full Article at FOX News
Chrysler's new boss offered an ambitious outlook for the automaker, saying it would more than double sales, roll out a dozen new models built on Fiat platforms and pay back debt to US taxpayers over the next five years.
Full Article at People's Daily Online
Sergio Marchionne, the would-be savior of Chrysler Group, emerged from a five-month corporate blackout Wednesday with a wildly ambitious plan to double car sales and pay off all of Chrysler's loans to the U.S. and Canadian governments by 2014.
Full Article at Detroit Free Press
Contrary to popular view, Chrysler isn’t flat broke. That was the first thing Fiat CEO Sergio Marchionne said when kicking off a six-hour presentation that seeks to convince the world that the Italians have a plan to bring Chrysler back from the brink.
Full Article at Business Week
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