Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Chrysler Woos Current Owners With $1K Coupons

Company hopes to help sales

By Sarah Quinn, Newser Staff

Posted May 15, 2009 10:04 AM CDT

(Newser) – In an effort to boost sales, bankrupt Chrysler is planning to send $1,000 coupons to all its current customers, the Wall Street Journal reports. The certificates, good toward the purchase of any new Chrysler vehicle, will be mailed in the next month or so with a letter from CEO Robert Nardelli. The company will distribute more than 9 million certificates.

Chrysler's St. Louis South manufacturing facility sits idle on May 1, 2009, in Fenton, Mo. (AP Photo/Tom Gannam)

Chrysler Chief Executive Officer Robert Nardelli testifies on Capitol Hill on Dec. 5, 2008. (AP Photo/Gerald Herbert, file)

A view of some Jeep Wranglers at the Daimler Chrysler North Assembly Jeep plant in Toledo, Ohio, on April 30, 2009. (AP Photo/Madalyn Ruggiero)

« Prev« Prev | Next »Next » Slideshow

To report an error on this story, notify our editors.

More Newser Stories

Chrysler Roars to $225M Profit

Finishes first profitable year since its bankruptcy

(NEWSER) - Call it a comeback if you want, because it looks like Chrysler is finally back on its feet. Detroit's smallest automaker posted a $225 million profit today to complete its first profitable year since its bankruptcy and bailout in 2009, the New York Times reports. The profit came on the back of $15.1 billion in revenues, up a whopping 41% from this time last year. More»

Car Sales Jumped 14% Last Month

Chrysler, VW saw huge gains

(NEWSER) - Americans may be worried about the economy, but they still need to get where they’re going. Auto sales beat expectations last month, rising 14% to 994,721, their fastest sales pace since August 2009, reports the AP . Chrysler led the pack: The automaker’s sales jumped 45%, Reuters reports. Close behind was Volkswagen, whose sales soared 41%; Hyundai, Nissan, and Ford also saw double-digit gains. More»

Chrysler's Big News: We Repaid Bailout Loan

Announcement coming tomorrow at Michigan plant

(NEWSER) - Chrysler will announce with some fanfare tomorrow the repayment of $7.5 billion in bailout loans from the US and Canadian governments. CEO Sergio Machionne will announce the milestone tomorrow alongside White House manufacturing adviser Ron Bloom at Chrysler’s Sterling Heights, Michigan, plant, the Wall Street Journal reports. Chrysler is repaying the government loans, which carry double-digit interest rates, with cheaper loans and bonds from private banks. The US and Canada will, however, remain minority shareholders in the company. More»

Obama Should Campaign on Auto Bailout

Some Republicans were ready to let GM, Chrysler die: Jonathan Cohn

(NEWSER) - Barack Obama reportedly plans to make the auto bailout a key part of his reelection campaign, and Jonathan Cohn of the New Republic thinks that’s a great idea. Chrysler and GM are in much better shape, he argues—GM in particular is “reporting big profits, it is winning design awards, and, most important of all, it is selling lots of cars.” More importantly, employment is creeping higher in states like Michigan with a heavy auto industry presence. More»

Chrysler Turns 1st Profit Since Bankruptcy

Revenue climbs 35% as Big Three return to profitablility

(NEWSER) - Good news for Detroit: The Big Three automakers are all profitable once again. Chrysler has reported its first net profit since leaving bankruptcy nearly two years ago, with a net income of $116 million in the first quarter. The firm saw revenue jump 35% to $13.1 billion compared to Q1 of 2010, with worldwide vehicle sales hitting 394,000, an 18% rise. Chrysler has seen operating profits over the past few quarters, but it was still losing money overall due to the hefty interest payments (to the tune of $348 million in Q1) on its $7.5 billion in US and Canadian government loans, the Wall Street Journal reports. More»

NEWS FROM OUR PARTNERS

What is Newser?

Face it: there's too much news. At Newser, we choose the most thought-provoking and entertaining stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »

Partnering with: Slate

View Newser on the mobile website

Chrysler Woos Current Owners With $1K Coupons

Company hopes to help sales

OTHER STORIES ON OUR RADAR

Chrysler • Robert Nardelli • auto industry • coupons • bankruptcy protection • Jay-ZTV

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Chrysler Roars to $225M Profit

Finishes first profitable year since its bankruptcy

Car Sales Jumped 14% Last Month

Chrysler, VW saw huge gains

Chrysler's Big News: We Repaid Bailout Loan

Announcement coming tomorrow at Michigan plant

Obama Should Campaign on Auto Bailout

Some Republicans were ready to let GM, Chrysler die: Jonathan Cohn

Chrysler Turns 1st Profit Since Bankruptcy

Revenue climbs 35% as Big Three return to profitablility

About Us

Site

Newser By Users

Community

Site Maps

Tools

More News

What is Newser?

Chrysler Woos Current Owners With $1K Coupons

Company hopes to help sales

Bookmark & Share

OTHER STORIES ON OUR RADAR

Chrysler • Robert Nardelli • auto industry • coupons • bankruptcy protection • Jay-ZTV

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Chrysler Roars to $225M Profit

Finishes first profitable year since its bankruptcy

Car Sales Jumped 14% Last Month

Chrysler, VW saw huge gains

Chrysler's Big News: We Repaid Bailout Loan

Announcement coming tomorrow at Michigan plant

Obama Should Campaign on Auto Bailout

Some Republicans were ready to let GM, Chrysler die: Jonathan Cohn

Chrysler Turns 1st Profit Since Bankruptcy

Revenue climbs 35% as Big Three return to profitablility

About Us

Site

Newser By Users

Community

Site Maps

Tools

More News

What is Newser?