NADA Statement on Chrysler's Dealership Reduction Announcement
May 15, 2009
Chrysler, Dodge and Jeep dealers marks a very sad day in retail automotive history. These dealers and their more than 40,000 employees have done nothing but proudly represent the Chrysler brand through good times and bad, and today find themselves left behind as the company reorganizes itself in bankruptcy court. While ... Continue reading
Lithia Motors Sees Chrysler Re-Organization as Net Positive
May 15, 2009
MEDFORD, Ore.--Lithia Motors, Inc. announced today that Chrysler identified two stores that will not be continued in the New Chrysler. These dealerships are located in Omaha, Nebraska and Colorado Springs, Colorado. Additionally, Lithia may be awarded new franchises in five markets, adding Chrysler or Jeep brands to al ... Continue reading
Car Dealerships to Close; Edmunds.com Explains Impact
May 14, 2009
SANTA MONICA, Calif.--Today, Chrysler has communicated to 789 of its 3188 dealerships that they will have to close by June 9. Most of the affected dealerships are located in densely populated areas where there are multiple Chrysler dealerships currently competing for the same business. It is estimated that approximatel ... Continue reading
AutoNation Supports Chrysler Consolidation Plan
May 14, 2009
Chairman and CEO sees AutoNation well positioned in wake of Chrysler developments FORT LAUDERDALE, Fla., May 14 -- AutoNation, Inc. , American's largest automotive retailer, today announced that it will be closing seven Chrysler dealerships. As part of the dealer consolidation plan filed by Chrysler today in its bankru ... Continue reading
GM and Chrysler To Cut 3000 U.S. Dealers
May 13, 2009
DETROIT May 13, 2009; Soyoung Kim and John Crawley writing for Reuters reportesd that General Motors Corp and Chrysler aim to drop as many as 3,000 U.S. dealers and are expected to begin sending notifications as early as Thursday, three people briefed on the still developing plans said. GM, facing a U.S. government-imp ... Continue reading
Reborn Fiat Confronts Past Littered With Breakdowns as It Prepares for Chrysler Alliance
May 11, 2009
MILAN May 10, 2009; Colleen Barry writing for the AP reported thatg in a perfect world, so the joke goes, the Germans are the mechanics, the Swiss are the timekeepers and the Italians are the lovers. With Fiat snapping up a 20 percent stake in Chrysler LLC and bidding for General Motors Corp.'s European car-making busi ... Continue reading
Chrysler LLC Launches New Global Corporate Advertising Campaign
May 7, 2009
-- Campaign debuts on network primetime television May 11 -- Tagline is 'We're building a new car company. Come see what we're building for you' -- Campaign reinforces that it's business as usual -- International markets, including Canada and Mexico, will also run advertising AUBURN HILLS, Mich., May 7 -- A little more ... Continue reading
Chrysler Introduces Special Edition Grand Voyager
May 7, 2009
Chrysler UK Ltd. is pleased to introduce a special edition model to its successful Grand Voyager range. ... Continue reading
Fiat's Marchionne says he will lead Chrysler
May 7, 2009
NEW YORK May 6, 2009; Reuters reporteds that Fiat SpA Chief Executive Officer Sergio Marchionne plans to take the top spot at Chrysler LLC after the automaker emerges from bankruptcy, he told Bloomberg in an interview on Wednesday. "Chrysler is on track to re-emerge from bankruptcy in 60 days," Marchionne said in the i ... Continue reading
Chrysler Announces New May Incentives that Help Consumers with the Bottom Line
May 6, 2009
AUBURN HILLS, Mich., May 6 -- Chrysler LLC today announced new May incentives that appeal to what consumers want, and reflect in the bottom line price of a new vehicle. "Chrysler LLC is building a new car company, and we are asking consumers to come see what we are building for you as we begin a vibrant new phase of ou ... Continue reading
Judge OKs First Step in Chrysler Sale
May 6, 2009
NEW YORK May 6 2009; Bree Fowler writing for the AP reported that the judge overseeing Chrysler LLC's Chapter 11 proceedings has ruled that the automaker can start taking steps toward selling the vast majority of its assets to Italy's Fiat Group SpA. The judge also said lawyers for a dissident group of lenders have unt ... Continue reading
Chrysler Statement on Plant Closings
May 6, 2009
AUBURN HILLS, MI - May 6, 2009: We understand that there has been some confusion over the past few days regarding the status of certain Chrysler facilities in connection with its restructuring plan, as was disclosed as part of the companyâs Chapter 11 filing last week. We recognize that in the context of consummat ... Continue reading
May 5, 2009
AUBURN HILLS, Mich., May 5 -- Chrysler LLC announced that the U.S. Bankruptcy Court yesterday gave interim approval to Chrysler for $4.1 billion of Debtor-In-Possession (DIP) financing, funded by the U.S. Treasury and Export Development Canada, and the use of $400 million of cash collateral, enabling the company to mee ... Continue reading
Chrysler Has Business as usual in China
May 4, 2009
Chrysler has "business as usual" in China http://autonews.gasgoo.com/auto-news/1010305/Chrysler-has-business-as-u sual- in-China.html Shanghai, May 4 (Gasgoo.com) After its bankruptcy filing and future alliance with the Italian automaker Fiat S.p.A. Chrysler's international subsidiaries are not part of the Chapter 11 f ... Continue reading
Chrysler: Reshuffle the Corporate Capital Structure?
May 4, 2009
Chrysler: Reshuffle the Corporate Capital Structure, I just caught up with the Chrysler story today. What I found out shocked me, for the implications could be mind boggling. Here are some key facts I've gathered that are relevant to what I'm about to say. If you think I got any of them wrong, correction is appreciated ... Continue reading
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