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July 25, 2008 11:14:26 PM CDT

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Stories related to: Chrysler

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  • July 2008

    • Rental Biz Sees Small-Car Shortage

      newser  |  Los Angeles Times  |  Jul 14, 08 6:43 AM CDT

      Rental Biz Sees Small-Car Shortage

      Rental car companies can't meet the soaring demand for more fuel-efficient small cars and are forcing irritated customers to take "upgrades" to gas-guzzlers. Rocketing gas prices are putting pressure on Hertz, Avis, and other companies to sell their luxury cars and SUVs to pay for fuel-efficient models. Bookings for economy cars at one major travel agency were up 14% while the demand for luxury cars plummeted 24%. More »

      Tags

      General Motors  • Ford  • Chrysler  • sub compact  • car rental

  • June 2008

    • Chrysler Plans Wi-Fi on 2009 Models

      newser  |  Los Angeles Times  |  Jun 25, 08 8:30 AM CDT

      Chrysler Plans Wi-Fi on 2009 Models

      Struggling automaker Chrysler—the weakest of Detroit’s Big Three—is looking to the information highway to gain an advantage. To the dismay of some highway safety experts, the automaker will offer wireless Internet access as an option in all of its 2009 models, the Los Angeles Times reports. More »

      Tags

      auto industry  • Chrysler  • Wi-Fi  • highway safety  • wireless internet

    • Plunging Truck Sales Drive Ford Deeper Into the Red

      newser  |  Wall Street Journal  |  Jun 21, 08 9:12 AM CDT

      Plunging Truck Sales Drive Ford Deeper Into the Red

      Ford's recovery plans have been sent careening off the road by the continuing drop in truck and SUV sales, the Wall Street Journal reports. The company, which now expects this year's losses to top 2007's $2.7 billion, has given up hope of being back in the black by 2009. The ailing Detroit giant has cut production again and delayed the launch of its new F-150 pickup. More »

      Tags

      auto industry  • General Motors  • Ford  • Chrysler  • automaker  • SUV  • trucks  • pickup trucks

  • May 2008

    • Sales of Hybrid SUVs Stuck in Neutral

      newser  |  New York Times  |  May 31, 08 11:15 AM CDT

      Sales of Hybrid SUVs Stuck in Neutral

      As sales drop for traditional SUVs, GM and Chrysler have high hopes for hybrid versions of their popular truck-based vehicles—but sales thus far haven’t been impressive, the New York Times reports. GM has sold 1,100 of its Chevrolet Tahoe and GMC Yukon hybrids—pacing far behind the company’s goal of 12,000 a year. More »

      Tags

      auto industry  • General Motors  • Chrysler  • hybrid car  • SUV

    • Buy Our Minivan, Give Your College Fund a Boost: VW

      newser  |  Lef Lane News  |  May 8, 08 7:05 PM CDT

      Buy Our Minivan, Give Your College Fund a Boost: VW

      Volkswagen is offering an innovative incentive to parents to buy their Chrysler-built Routan minivan: $1,500 in a college savings plan, Left Lane News reports. The partnership with Upromise might pale to those with more pressing concerns (or who hate planning ahead), though: Chrysler itself is offering a credit card that locks in gas prices for three years. More »

      Tags

      auto industry  • Chrysler  • college tuition  • Volkswagen  • savings  • incentives

  • April 2008

    • Detroit Looks to Pump Up Exports

      newser  |  Wall Street Journal  |  Apr 8, 08 12:47 PM CDT

      Detroit Looks to Pump Up Exports

      The dollar’s declining value, lower labor costs, and other terms of new UAW deals have US automakers looking overseas as they attempt to reclaim market share and profitability, reports the Wall Street Journal. About half of US vehicle exports in 2007, which totaled $50.66 billion, went to Canada and Mexico, and automakers now are looking to emerging markets in China and Latin America. The weak dollar "improves export competitiveness and potential profitability," says GM's president. More »

      Tags

      auto industry  • General Motors  • Ford  • Chrysler  • US exports  • Chevrolet

    • March Auto Sales Hit the Skids

      newser  |  Wall Street Journal  |  Apr 2, 08 4:00 AM CDT

      March Auto Sales Hit the Skids

      US auto sales plummeted last month, with GM and Chrysler's March sales diving 19%, and Ford and Toyota's down 10%, the Wall Street Journal reports. Rising gas prices, the credit crisis and fear of the future are blamed for the troubling trend. Detroit is bracing for even more bad news yet to come. More »

      Tags

      gas prices  • General Motors  • Ford  • Chrysler  • Toyota  • auto sales  • Honda  • Cerberus Capital Management  • J.D. Power & Associates

  • March 2008

    • Small Is the New Big

      newser  |  Newsweek  |  Mar 20, 08 2:36 PM CDT

      Small Is the New Big

      Ever-increasing gas prices, environmental concerns and demand in developing countries are leading worldwide small-car sales past those of larger counterparts, Newsweek reports. With cars like India’s Tata Nano set to overhaul the auto industry by offering new mobility to millions, US automakers are scrambling to retool their businesses to sells more small cars for smaller per-auto profits. More »

      Tags

      India  • General Motors  • Detroit  • Ford  • Chrysler  • fuel efficiency  • SUVs  • Tata Motors  • small cars  • Tata Nano

    • Car Makers Prepare for a Crash

      newser  |  Wall Street Journal  |  Mar 20, 08 9:06 AM CDT

      Car Makers Prepare for a Crash

      The slumping US  economy is casting shadows over the New York Auto Show, as industry forecasters this week cut their projections for sales of new cars and light trucks in 2008 to less than 15 million, the lowest level in 14 years. Chrysler, GM, and Ford, who had been projecting sales of 15.5 to 15.7 million, are preparing for a fresh round of belt tightening, the Wall Street Journal reports . More »

      Tags

      General Motors  • Ford  • Chrysler  • auto sales  • Robert Nardelli  • New York International Auto Show

    • Chrysler Will Shut Down for 2 Weeks

      newser  |  Wall Street Journal  |  Mar 13, 08 1:32 PM CDT

      Chrysler Will Shut Down for 2 Weeks

      Chrysler plans to shut down all operations for two weeks in July to save money and “accelerate Chrysler's recovery and transformation,” CEO Robert Nardelli writes in a company memo. Employees will take a forced break July 7-20 “in order to create better alignment and efficiency across organizational lines and boost productivity,” says the memo, obtained by the Wall Street Journal . More »

      Tags

      auto industry  • car  • Chrysler  • manufacturing  • trucks  • Robert Nardelli

    • US Car Sales Sink in Slow Economy

      newser  |  Bloomberg  |  Mar 3, 08 9:45 PM CST

      US Car Sales Sink in Slow Economy

      A tumbling US economy hit Ford, General Motors, Chrysler, and Toyota today as all four posted declining sales for last month, Bloomberg reports. Chrysler fell 14% as Ford dropped nearly 7% and GM suffered almost a 20% drop in light truck sales. "Primarily it's driven by the weak economy,'' one analyst said. "It's been difficult for people to refinance and get credit.'' More »

      Tags

      US economy  • gas prices  • auto industry  • General Motors  • Ford  • Chrysler  • Toyota  • auto sales

    • NAFTA Casts Wide Shadow on Ohio Vote

      newser  |  Christian Science Monitor  |  Mar 1, 08 5:50 PM CST

      NAFTA Casts Wide Shadow on Ohio Vote

      As Hillary Clinton and Barack Obama battle for votes in Ohio, each pushes a simple theme: NAFTA is bad. Ohio has been hit hard by free trade, which is why Obama reminds voters that Bill Clinton backed NAFTA. And both hopefuls have mined each other's comments for anything that favors global trade, the Christian Science Monitor reports. More »

      Tags

      Barack Obama  • Hillary Clinton  • General Motors  • Ford  • Ohio  • Chrysler  • Ohio primary  • trade  • manufacturing  • NAFTA  • working class  • Cleveland  • Delphi

  • February 2008

    • Chrysler Loss Deepened After Daimler Split

      newser  |  Wall Street Journal  |  Feb 28, 08 12:56 PM CST

      Chrysler Loss Deepened After Daimler Split

      Chrysler lost nearly $2.9 billion in a 2-month period last fall, after its split from Daimler, a filing by the German company shows. The filing by Daimler, which retains 19.9% of the automaker, offers a rare look at how costly the company's reorganization effort has been since it was taken private by Cerberus Capital Management in May, the Wall Street Journal reports. More »

      Tags

      Detroit  • Chrysler  • United Auto Workers  • earnings  • Robert Nardelli  • DaimlerChrysler  • Tom LaSorda

    • Soured Deals Dog Brash Cerberus

      newser  |  Reuters  |  Feb 25, 08 1:15 PM CST

      Soured Deals Dog Brash Cerberus

      The continued struggles of Chrysler and GMAC—two of Cerberus Capital Management’s largest and most recognized purchases—have observers wondering if the private equity darling has lost its Midas touch, reports Reuters. S&P has downgraded GMAC’s credit rating, Chrysler's January sales slipped 12% even as the company set about cutting models and dealerships in an effort to return to profitability. More »

      Tags

      General Motors  • private equity  • Chrysler  • Cerberus Capital Management  • Stephen Feinberg  • GMAC

    • Auto Worker Powerhouse Doug Fraser Dead at 91

      newser  |  Detroit Free Press  |  Feb 25, 08 2:47 AM CST

      Auto Worker Powerhouse Doug Fraser Dead at 91

      Former United Auto Workers president Doug Fraser, who played a vital role in saving Chrysler from bankruptcy, died yesterday at age 91. The cause of death was unknown, but Fraser had been suffering from emphysema, the Detroit Free Press reports. As UAW president during the ’70s and ’80s, Fraser helped win comprehensive health care and improved working conditions. More »

      Tags

      obituary  • auto industry  • Detroit  • Chrysler  • United Auto Workers  • labor unions  • unions  • Ron Gettelfinger

    • Chrysler to Cut 30% of Models

      newser  |  Wall Street Journal  |  Feb 8, 08 3:27 AM CST

      Chrysler to Cut 30% of Models

      Chrysler plans to cull its Chrysler, Jeep and Dodge brands by at least a third, and drastically reduce the network of 3,600 dealers selling its vehicles to reduce costs, reports the Wall Street Journal . Chrysler dropped three models last year, leaving it with about 30 product lines. The company expects to cut back to approximately six cars, six trucks and no more than six SUVs over the next few years. More »

      Tags

      Chrysler  • Cerberus Capital Management  • model  • Robert Nardelli  • Jim Press

  • December 2007

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