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
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
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
2009 Dodge Journey - Heels on Wheels Review
May 10, 2009
HEELS ON WHEELS By Katrina Ramser San Francisco Bureau The Auto Channel INTRO TO THE JOURNEY VEHICLE If youâre a Chrysler loyalist, the first thing you'll notice about the all-new Journey is how much more chiseled and roomier it is than its similar siblings, such as the Jeep Compass or Dodge Caliber. This 7-passen ... 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
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
In First Month on AutoTrader.com, New Chevy Camaro Zooms to Top 5
May 6, 2009
In Spite of U.S. Auto Industry Woes, US Brands Hold Majority of New and Used Spots on AutoTrader.com's Monthly Trend Engine Report; Chrysler Brands Dodge & Jeep Hold Strong ATLANTA, May 6 -- In its first month available for searching on AutoTrader.com, the new 2010 Chevy Camaro burned rubber into the top 5 new automobi ... 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
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
Fiat Looking to Pickup GM Europe Units to Create New Super-Fiat Company
May 3, 2009
ROME - May 3, 2009: AP is reporting that Fiat is in talks with General Motors Europe to acquire most, if not all of GM's European brands. According to the AP story, "Fiat said in a statement Sunday it's evaluating the possible spinoff of its auto business to form the core of the new company." The current Fiat Automobil ... Continue reading
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