Chrysler to cut 25 percent of salaried jobs
Oct 24, 2008
DETROIT, Oct 24, 2008; Poornima Gupta writing for Reuters reported that Chrysler LLC is targeting a 25 percent reduction in its salaried and supplemental workforce in response to the deepening slump in the U.S. auto industry amid declining consumer confidence. "Due to the unprecedented conditions in the auto industry, ... Continue reading
Chrysler, GM Gear Up For Still More Job Cuts
Oct 24, 2008
GM, Chrysler gear up for still more job cuts By Shawn Langlois, MarketWatch SAN FRANCISCO (MarketWatch) -- General Motors Corp. and Chrysler LLC, mulling a merger to survive the current U.S. economic crisis, are each planning yet another round of job cuts as vehicle sales continue to plummet both at home and abroad. GM ... Continue reading
Chrysler LLC Clarifies Daimler AG's Third Quarter 2008 Earnings
Oct 23, 2008
AUBURN HILLS, Mich., Oct. 23 -- Today, Daimler AG reported a net loss of euro 351 million for its 19.9 percent share of Chrysler Holding LLC's second quarter 2008 results under International Financial Reporting Standards (IFRS). On a U.S. GAAP basis, Daimler AG's net loss for Chrysler Holding LLC was euro 88 million, o ... Continue reading
Oct 22, 2008
Washington DC October 22, 2008; The AIADA newsletter reported that Renault-Nissan is proposing to acquire around 20 percent of Chrysler LLC and bring the Auburn Hills automaker into the French-Japanese automotive partnership, according to sources familiar with the situation. The offer is now before private equity firm ... Continue reading
Ford and Chrysler To Offer Discounts on 2009 Model Pickups
Oct 20, 2008
Detroit October 20,2008; Shradhha Sharma writing for Reuters reported that car makers Ford Motor Co and Chrysler LLC, are offering discounts on their newest models to boost sales of their North-American pickup trucks, the Financial Times reported. Ford will be offering a discount on the 2009 version of its F-150 and Ch ... Continue reading
GEM Electric Cars Help Charlotte Residents 'Jump' the Pump
Oct 19, 2008
'Jump Charlotte' Shuttle Service Launches Gas-Free & No-Cost Rides CHARLOTTE, N.C., Oct. 19 -- Jump Charlotte, a free, eco-friendly shuttle service using fully-electric GEM vehicles, launched recently to provide residents of Uptown Charlotte with free, "green" rides around town. The service could not have come at a bet ... Continue reading
Buh Bye Chrysler Forever? Cerberus in Sales Talk With Renault and GM
Oct 16, 2008
DETROIT/NEW YORK October 16, 2008; Kevin Krolicki and Jui Chakravorty Das writing for Reuters reported that private equity firm Cerberus is in talks to sell all or part of Chrysler LLC's operations to Renault SA and General Motors Corp as it considers a range of deals that could break up the No. 3 U.S. automaker, peopl ... Continue reading
Beijing Benz-DaimlerChrysler Delays Board Vote on Chrysler Departure
Oct 13, 2008
Shanghai, October 13 (Gasgoo.com) Beijing Benz-DaimlerChrysler Automotive Co., Ltd. (BBDC) has postponed its first board meeting with new members to the end of this year to allow more time for distribution of assets, Chinese media the Economic Observer reported today. Though detailed information is not available yet, a ... Continue reading
SHOCKER IF TRUE: Report Says GM and Chrysler are in Merger/Acquisition Talks
Oct 11, 2008
DETROIT - October 11, 2008: AP is saying that the Wall Street Journal and the New York Times are reporting today that General Motors and Chrysler have had preliminary talks regarding an acquisition of Chrysler's automotive operations. The AP's report states that the WSJ report claims that Cerberus Capital Management wo ... Continue reading
Chrysler LLC Reports September 2008 U.S. Sales
Oct 1, 2008
AUBURN HILLS, Mich., Oct. 1 -- -- Chrysler LLC celebrates 25th anniversary of minivan leadership -- Sales increase for Chrysler Town & Country and Dodge Grand Caravan -- Chrysler Sebring Convertible posts strong sales for the month -- Sales of the fuel-efficient Dodge Caliber continue at a steady pace -- All-new Dodge ... Continue reading
Chrysler LLC Conference Call to Announce September 2008 U.S. Sales
Sep 29, 2008
AUBURN HILLS, Mich. -- What: Telephone conference call to discuss Chrysler LLC's September 2008 U.S. sales When: Wednesday, October 1, 2008 - 3:30 p.m. to 4:00 p.m. EDT Details: Teleconference: Domestic telephone number: 888-233-8067 International telephone number: +1-210-839-8588 Call Leader: Beverly Thacker Passcode: ... Continue reading
Cerberus Statement Regarding Discussions with Daimler
Sep 24, 2008
NEW YORK, Sept. 24 -- Cerberus Capital Management, L.P. today issued the following statement: Cerberus confirms that it has approached Daimler about the possible redemption of its 19.9 percent stake in Chrysler. We are currently in discussions. In the event of a successful transaction, all existing industrial relations ... Continue reading
Chrysler Surges Forward With Production-Intent Electric Vehicles - VIDEOS
Sep 24, 2008
Company Introduces Three Advanced Electric-Drive Vehicle Prototypes AUBURN HILLS, Mich., Sept. 23 -- Actions speak louder than words. -- One targeted to be produced in 2010 for consumers in North American markets, and European markets after 2010 -- Chrysler LLC to have approximately one hundred electric vehicles on the ... Continue reading
GEM Introduces Peapod Neighborhood Electric Vehicle - VIDEO ENHANCED
Sep 24, 2008
-- Chrysler LLC's Neighborhood Electric Vehicle Gets a New Name - 'GreenEcoMobility' - and New Styling that will define and set a new standard for Environmentally-Responsible Vehicles -- Sleek, streamlined styling and breakthrough innovations converge in the next-generation eco-friendly car -- More to come as Peapod Le ... Continue reading
Chrysler Says US Goverment Loans Needed To Speed-up Auto Technologies
Sep 23, 2008
AUBURN HILLS, Mich., Sept 23, 2008; Kevin Krolicki reporting for Reuters wrote that Chrysler LLC Chief Executive Bob Nardelli said on Tuesday that without a low-cost government loan package, the automaker would be forced to cut costs more deeply to free up funds for electric car technology. Chrysler [CBS.UL] also said ... Continue reading
The Auto Channel content library (since 1996) has grown to become the world’s most extensive and complete interactive archive of automotive centric news, articles, reviews and intense event coverage, presented to viewers as Text, Video and Images.
