Chrysler LLC Posts Best Retail Month of the Year; Reports May 2009 Sales
Jun 2, 2009
- Chrysler LLC posts best retail sales month of 2009 - Chrysler, Dodge and Jeep brands post double-digit retail sales gains compared to previous month - Jeep Wrangler sales continue upward trend increasing 4 percent year-over-year compared to May 2008 AUBURN HILLS, Mich., June 2 -- Chrysler LLC today reported May U.S. ... Continue reading
Dealer Synergy Helps to Bail out GM and Chrysler Dealers
Jun 1, 2009
New strategic marketing gives impacted automotive dealers resources to improve sales volume LOS ANGELES, June 1 -- Dealer Synergy, one of the top automotive training organizations in the country, is using their Internet Sales 20 Group Events to provide dealers with the strategic tools they need to increase sales and bu ... Continue reading
Chrysler Gets Court Approval to Sell Assets to Fiat
Jun 1, 2009
AUBURN HILLS, MI - June 1, 2009: Late Sunday night a Federal bankruptcy judge finally approved Chrysler's sale of most of its assets to Fiat. The sale had faced as many as 300 objections from creditors, states' Attorneys General and pension fund groups. It's hoped that the deal with Fiat will allow Chrysler to restart ... Continue reading
Ex Chrysler Executive Says Fiat Was Only Option
May 28, 2009
NEW YORK, May 27, 2009; Fiat was the U.S. automaker's only shot at survival as no other carmaker would have been willing to give the company "a nickel." At a court hearing in U.S. bankruptcy court in Manhattan, former Chrysler executive Tom LaSorda said he never considered breaking up the automaker last year, although ... Continue reading
May 26, 2009
AUBURN HILLS, Mich., May 26 -- -- Chrysler LLC submits three proposals totaling $448 million for two Department of Energy (DOE) initiatives aimed at rapid vehicle electrification--The Transportation Electrification Initiative and Electric Drive Vehicle Battery and Component Manufacturing Initiative -- 50/50 cost-share ... Continue reading
Chrysler LLC Update Regarding Current Condition of Chrysler LLC Dealer Network
May 21, 2009
AUBURN HILLS, Mich., May 21 -- The following are details on the current condition of Chrysler LLC dealer network. Comments can be attributed to Steven J. Landry, Executive Vice President, North American Marketing and Mopar Parts and Service - Chrysler LLC: "The automotive industry cannot support the number of dealers c ... Continue reading
Kelley Blue Book's Kbb.Com Names Their Top 10 Road Trip Cars of 2009
May 21, 2009
Kbb.com Editors Offer Their Top New Car Choices for Road Trips in a Variety of Categories IRVINE, Calif., May 21 -- The Top 10 Road Trip Cars of 2009, www.kbb.com/roadtripcars2009, were named today by the expert editors from Kelley Blue Book, www.kbb.com, the leading provider of new car and used car information. Memori ... Continue reading
Reports: U.S. Treasury Set to Lend Cereberus Owned GMAC More Tax Money
May 21, 2009
GMAC Financial Services, according to media reports. The Wall Street Journal said the Treasury Department will lend GMAC more than $7 billion, a step towards making the company a quasi-federal entity with the power to offer low-interest loans to would-be buyers of GM and Chrysler cars. The Detroit News put the amount a ... Continue reading
C. Robert Kidder to Become Chairman of Chrysler Group LLC
May 20, 2009
AUBURN HILLS, Mich., May 20 -- Chrysler LLC today announced that C. Robert Kidder, former Chairman of Borden Chemical Inc. and of Duracell International Inc., will become Chairman of Chrysler Group LLC, once it completes its acquisition of the operating assets of Chrysler LLC and completes a global alliance with Fiat S ... Continue reading
Judge Refuses Motion to Postpone Chrysler Bankruptcy
May 20, 2009
judge declined on Wednesday to postpone Chrysler's bankruptcy to allow a district court to hear arguments about whether the U.S. government exceeded its authority in the reorganization of the automaker. An attorney for three state retirement funds from Indiana requested the bankruptcy hearings be postponed until a dist ... Continue reading
Terminated Chrysler Dealerships to Challenge Sale
May 20, 2009
Committee of Chrysler Affected Dealers," filed papers on Tuesday asking the bankruptcy court to delay hearings that would approve the sale and allow Chrysler to reject almost 800 of its dealership franchise agreements, or about 25 percent of its overall dealer network. The committee, which said it represents nearly 300 ... Continue reading
General Motors, Chrysler: Cutting Their Way to Greatness
May 18, 2009
Joel West SeekingAlpha May 17, 2009; The Big Three auto companies certainly arenât selling as many cars as they used to. As such, they need to reduce their fixed costs to more closely match their current revenues. Towards this end, the two sickest âU.S.â automakers are shedding dealers. Thursday, Chrysle ... Continue reading
Shunned Chrysler Dealers Have Only Weeks To Sell New Chrysler Dodge and Jeep Vehicles
May 18, 2009
DETROIT May 17, 2009; Tom Krisher witing for the AP reported that at 789 Chrysler lots across America sit 44,000 potential bargains, cars and trucks that are stuck between shellshocked dealers and a troubled company that no longer wants their services. The dealers have just a few weeks to sell the Chryslers, Dodges and ... Continue reading
Chrysler Closings Will Leave 80% of Dealers Selling The 3 Brands
May 15, 2009
Washington DC May 15, 2009; The AIADA newsletter reported that Chrysler's plan to eliminate a quarter of its U.S. dealerships by June 9 means the vast majority of the surviving stores will sell the Jeep, Dodge, and Chrysler brands under the same roofâa longstanding goal of the struggling automaker. Automotive News ... Continue reading
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