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Sergio Marchionne and his executives set the appropriate tone this week at their marathon, six-hour-long unveiling of Chrysler's rescue strategy. The strategy is bizarre, and so was the meeting. Full Article at Toronto Star
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DETROIT (Reuters) -- Chrysler Group 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... Full Article at Automotive News
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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
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"It's dead here," said Massarelli, owner of a Chrysler, Jeep and Dodge dealership that the U.S. automaker terminated as part of its bankruptcy process, waving a hand wearily at the empty showroom he has tried to turn into a used-car dealership and... Full Article at International Business Times
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Fiat Chief Executive Sergio Marchionne is set to brief analysts and reporters on Wednesday on plans that the Italian automaker has been developing for Chrysler after taking management control as part of a restructuring arranged and funded by the Obama... Full Article at International Business Times
