Chrysler

As Italy’s government-funded incentives to buy less-polluting cars havebeen finale shortly, the restructuring devise by Fiat S.p.A. aswellas Chrysler Organisation will be suggested subsequent week by CEO Sergio Marchionne. However, Marchionne has not stopped from asking a supervision to goon a taxation breaks upon brandnew cars. Tensions with... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Read Full Story

DETROIT (Reuters) - More than 100 Chrysler Group LLC U.S. dealerships face possible closure if they cannot reach new financing deals with GMAC Financial Services or another lender, people involved in the process said on Thursday. Still, the automaker was "optimistic" all or nearly all of the dealerships would find financing for vehicle inventories and other expenses by the end of November whether through GMAC or other lenders, Chrysler spokeswoman Kathy Graham said. Chrysler emerged from a U.S. government-funded bankruptcy in June with about 2,400 dealerships and had 2,366 at the end of October, about right for its expected 2010 sales, she said. Some ... Read Full Story

The battered U.S. auto market will eventually see sales return to levels posted before the economic meltdown, but not for at least another two to three years, the chairman of German automaker Daimler AG said Thursday. Dieter Zetsche also said that Chrysler Group LLC — which Daimler used to own — has a challenging future ahead as it reorganizes, but new technology from Italian partner Fiat Group LLC should help strengthen the U.S. automaker's product lineup. "There are quite a number of positive changes going for Chrysler, but certainly the environment continues to be very tough and the competition isn't forgiving at all," Zetsche ... Read Full Story

The new Chrysler has emerged from bankruptcy protection as a leaner, hipper and more competitive automaker, top executives said Wednesday as they presented a five-year plan aimed at achieving long-term profitability. "The problems that led to the bankruptcy of the previous Chrysler can be solved," board chairman Robert Kidder told journalists and analysts gathered in Chrysler's design dome at its Auburn Hills, Michigan headquarters. Kidder said new chief executive officer Sergio Marchionne and the team he has brought from Fiat -- which obtained a 20-percent stake and controlling interest in Chrysler in exchange for sharing its technology -- has been working "tirelessly" to transform ... Read Full Story

Chrysler's new Italian chief has said the American icon is a leaner, more focused automaker well on its way to achieving long-term profitability and regaining its sense of style. Wearing his signature rumpled sweater, Sergio Marchionne led a team of executives through an eight-hour-long presentation of the automaker's five year plan, some five months after Chrysler emerged from bankruptcy protection. "What you're witnessing is the beginning of a genuine transformation," Marchionne told reporters and analysts gathered in Chrysler's design dome at its Auburn Hills, Michigan headquarters. "It's comprehensive, it's ambitious and it's serious." Chrysler said it expects to break even next year, reach profitability ... Read Full Story

Coming to your local Chrysler, Dodge or Jeep dealer: Tractor-trailers full of cars and trucks with lower sticker prices. The big discounts are part of new CEO Sergio Marchionne's attempt to revive the Detroit company the way he did Italian automaker Fiat. His five-year plan for Chrysler Group LLC, to be unveiled Wednesday, calls for deep discounts across many models over the next 18 months. The goal is to lift sales, generate cash and keep the automaker going. That will give Marchionne, who is working 20-hour days, enough time to try to revamp the automaker's struggling model lineup, according to a person briefed on ... Read Full Story

Chrysler plans to revamp its struggling Dodge car brand under a new turnaround plan and says the company's cash has grown by nearly $2 billion since it exited bankruptcy protection in June. Under the plan, the automaker aims to introduce four new Dodges by 2013 and put new exteriors, interiors and engines on most of its current lineup. The new Dodges include a mid-size sedan for the North American market designed by Fiat SpA, the Italian automaker that now owns 35 percent of Chrysler. That sedan is a key component of Chrysler LLC's five-year overhaul, which is being outlined here Wednesday. Chrysler currently lacks ... Read Full Story