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And that does not account for all the small brands, which push the total to about 14.5 million. The sales goals set by each automaker aren't wishful thinking; they're hard targets. "You have to keep the pressure on, or people forget where they... Full Article at Automotive News
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A dearth of deals during the recession, brokers say, left a backlog of potential mergers and acquisitions waiting to happen. They say privately held large dealership groups also are shopping for stores. Alan Haig, co-head of automotive services for... Full Article at Automotive News
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A Swiss police officer stands beside the wreckage of a Chrysler limousine in front of a nightclub on Langstrasse in Zurich February 10, 2012. One person was killed and five were injured as the car crashed into a group of people early Friday morning... View Photo »
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All over, we see the 1% making the most outrageous demands. Chrysler/Fiat boss Sergio Marchionne is threatening to pull out of Canada and Italy if workers resist his demands for more concessions. This is global whipsawing!
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“The course I recommended was eventually followed,” he wrote. His 2008 opinion article advocated a managed bankruptcy process, one that would help General Motors and Chrysler shed excess labor, pension and real estate costs. He also called for... Full Article at FOX Sports
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The slogan he tried out in the State of the Union, “an America built to last,” sounded like an ad for a mattress company, or a car company—a little like Clint Eastwood’s “halftime in America” Super Bowl commercial for Chrysler. The Republican onetime... Full Article at The New Yorker
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"How can you say he's a native son?" "He can stay out of Michigan." "He's anti-labor, anti-worker," says Larry Maierle, 70, retired from the circulation department of The Detroit News. "All the automakers he wanted them all to fail," scoffs Vasel... Full Article at Detroit Free Press
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STUTTGART, GERMANY - FEBRUARY 09: (L-R) The Daimler Board of Directors Andreas Renschler, Bodo Uebber, CEO of Daimler AG, Dieter Zetsche and Head of Global Communications Joerg Howe, is seen during the company's financial performance in 2011 during... View Photo »
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I think any of us who are honest understand if you don’t get legacy costs under control, it’s a virus that will eat up and eat up and eat up more and more of your budget ... It’s the same problem that Chrysler and GM got into, and state and local governments have to fix it.
SOURCE: The Heritage Foundation -
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New York Times to publish. The better path, he suggested, was a court-administered restructuring that would leave the companies with costs more in line with the global competition. The article carried the headline “Let Detroit Go Bankrupt,” which... Full Article at The New York Times
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Gilbert also is one of the Michigan finance co-chairmen for Romney's campaign. Michigan's turn in the primary cycle also has shone the national spotlight on the issues affecting the region, including the 2009 federal bailouts of General Motors Co. and... Full Article at Crain's Detroit Business
About Chrysler
Wikipedia
Chrysler LLC is an American automobile manufacturer headquartered in the Detroit suburb of Auburn Hills, Michigan, first organized as Chrysler Corporation in 1925. From 1998 to 2007, Chrysler and its subsidiaries were part of the German based DaimlerChrysler AG (now Daimler AG). Prior to 1998, Chrysler Corporation traded under the "C" symbol on... Full Article
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An assembly line worker puts together pieces that go into a Jeep Compass during a tour of the Chrysler Belvidere assembly plant in Belvidere, Illinois February 2, 2012. Automaker Fiat-Chrysler set out lower but still ambitious targets for 2012, with newly profitable Chrysler Group...
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Engines for Jeep Compass and Patriot vehicles move down an assembly line during a tour of the Chrysler Belvidere assembly plant in Belvidere, Illinois February 2, 2012. Automaker Fiat-Chrysler set out lower but still ambitious targets for 2012, with newly profitable Chrysler Group...
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An assembly line is shown during a tour of the Chrysler Belvidere Assembly plant in Belvidere, Illinois February 2, 2012.
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A worker is shown assembling parts on Jeep Compass and Patriot vehicles during a tour of the Chrysler Belvidere Assembly plant in Belvidere, Illinois February 2, 2012.
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Workers assemble 2012 Jeep Compass and Patriot vehicles during a tour of the Chrysler Belvidere Assembly plant in Belvidere, Illinois February 2, 2012.
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Workers assemble a pre-production 2013 Dodge Dart during a tour of the Chrysler Belvidere Assembly plant in Belvidere, Illinois February 2, 2012. The U.S. economy created jobs at the fastest pace in nine months in January and the unemployment rate dropped to a near three-year low of 8.3...
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An auto worker assembles parts on the 2013 Dodge Dart at the Chrysler Plant in Belvidere, Ill. , Thursday, Feb. 2, 2012. Sergio Marchionne, Chairman and CEO Chrysler Group, announced that Chrysler will add a third shift at the Belvidere Plant to begin production of the Dart. The...
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