News By Topic: Chrysler

NY Auto Show Announces Dozens of World, North American Debuts

Mar 27, 2007

Press Preview: April 4th & 5th, Jacob Javits Convention Center NEW YORK, March 26 -- As the world's automakers prepare to wow the press with dozens of world and North American new vehicle introductions at the upcoming New York International Auto Show Media Preview (April 4th and 5th), the Show is offering a glimpse of ... Continue reading

LaSorda to Chrysler Employees: "The Future Is in Our Hands"

Mar 22, 2007

AUBURN HILLS, Mich. March 22, 2007; The AP reported that Chrysler Group Chief Executive Tom LaSorda told employees in an e-mail this week that the company's "future is in our own hands," and urged them to redouble efforts to improve the automaker's fortunes as speculation swirls about its future. LaSorda, in the Tuesda ... Continue reading

Chrysler Group Accelerates Certified Pre-Owned Vehicle (CPOV) Sales in February 2007

Mar 12, 2007

AUBURN HILLS, Mich., March 12 -- Continuing on the momentum started in January, the Chrysler Group reported that its Five Star(R) dealers set a new February record of 10,187 Certified Pre-Owned Vehicle (CPOV) sales in 2007, a 9 percent increase compared with February 2006 sales of 9,309 units. Year-to-date sales also s ... Continue reading

Today's Pre-Owned Vehicles May Be the Better Bargain - VIDEO STORY

Mar 12, 2007

DETROIT - March 11, 2007: Compared to 20 to 25 years ago, automakers say today's "certified pre-owned" vehicles can be as good as buying a new vehicle and are a fraction of the cost. To "certify" a used vehicle, a dealer must perform a comprehensive multi-point inspection that meets the original dealer's specifications ... Continue reading

Chrysler Recalls SUVs After Reported Fires

Mar 9, 2007

DETROIT, March 9, 2007; Kevin Krolicki writing for Reuters reported that Chrysler Group said on Friday it would recall almost half a million vehicles, including recent models of the Jeep Liberty and Dodge Durango after reported fires and its new Dodge Avenger sedan because of faulty door latches. Chrysler said it took ... Continue reading

DCX CEO: Chrysler Renewal Plan Will Work

Mar 6, 2007

GENEVA March 6, 2007; Matt Moore writing for the AP reported that DaimlerChrysler AG Chief Executive Dieter Zetsche said Tuesday he is confident the plan to re-energize Chrysler will work, but reiterated that all options for the unprofitable U.S. division were still being considered. "I'm sure we will see a rebound of ... Continue reading

Buyout firm Blackstone May Bid for Chrysler

Mar 6, 2007

LONDON March 6, 2007; Reuters reported that private equity firm The Blackstone Group (BG.UL) may bid for the troubled U.S. division of German automaker DaimlerChrysler AG, a person familiar with the situation said on Tuesday. Blackstone has approached the automaker and been granted due diligence in preparation for a po ... Continue reading

New Chrysler Group Products Spark Sales Growth in Europe and Asia

Mar 5, 2007

AUBURN HILLS, Michigan and STUTTGART, Germany, March 5 -- - February 2007 sales outside North America increased 9 percent over 2006; year-to date sales were up 10 percent - Best February since 1998 - Unprecedented 21 consecutive months of year-over-year sales gains - Dodge brand led international growth, and Caliber wa ... Continue reading

Chrysler Group to Unveil Dodge Demon Concept at Geneva Motor Show - VIDEO STORY

Mar 3, 2007

AUNURN HILLS - March 2, 2007: DaimlerChrysler will unveil its new Dodge Demon Concept vehicle during the 2007 Geneva Motor Show. The Demon Concept, a six-speed, 172 horse power compact roadster features a 2.4-liter engine, 19-inch brushed aluminum wheels and rear-wheel drive. ... Continue reading

Chrysler Group Announces February 2007 U.S. Sales

Mar 1, 2007

* Dodge Avenger off to a great start with 5,205 units sold * Jeep(R) Wrangler posts record February month * Dodge Caliber sales of 9,900 units, up 14 percent over the last month * March will be the Chrysler Group's "National Truck Month" - no-extra- charge HEMI(R) upgrade for Dodge Ram AUBURN HILLS, Mich., March 1 -- C ... Continue reading

IIHS: Bumpers That Can't Take Bumps

Mar 1, 2007

First results of new crash tests: most car bumpers don't work in low-speed crashes; 3 cars sustain $4,500 damage in 6 mph test while old Ford Escort sustains little damage ARLINGTON, VA — Most bumpers on midsize cars do little to resist damage in the kinds of low-speed collisions that are common in commuter traffi ... Continue reading

Analyst: GM and Chrysler Don't Mix

Feb 27, 2007

BOSTON--The Strategy Analytics Automotive Buyer Dynamics service has released, “GM and Chrysler: United They Stand, or United They Fall?,” which notes few synergies and substantial obstacles to any acquisition of Chrysler by GM. During its research into new vehicle buyer behavior, Strategy Analytics asked US ... Continue reading

Chrysler Group Conference Call to Announce February 2007 Sales

Feb 27, 2007

What: Telephone conference call to discuss Chrysler Group's February sales Who: Steven Landry, Vice President - Sales and Field Operations, Chrysler Group Michael Manley, Vice President - Sales Strategy and Dealer Operations, Chrysler Group When: Thursday, March 1, 2007 - 3:30 p.m. to 4 p.m. EST Details: Teleconference ... Continue reading

Daimler approves small car deal with China's Chery

Feb 27, 2007

DETROIT, Feb 27, 2007; Reuters reported that the board of DaimlerChrysler AG said it has approved an alliance between its Chrysler Group unit and China's Chery Motor Co. aimed at the growing market for smaller cars. Under the deal, which will not include an equity investment, Chery will build vehicles under Chrysler's ... Continue reading

Chrysler Group: Details of Separation Packages to be made to Salaried Employees

Feb 23, 2007

As part of the Chrysler Group Recovery and Transformation Plan, the company has targeted the reduction of 2,000 salaried positions by 2008. The Chrysler Group intends to reach that target through attrition and special programs. The special programs include the following separation incentive and early retirement package ... Continue reading