Tag Archives: chrysler

CAR on U.S. Economy Impact of GM’s Plant Investments

In an analysis of General Motors’ newly announced plant investments, the Center for Automotive Research (CAR) today said that more than 28,000 jobs will be retained or created, and will contribute almost $2.9 billion to the U.S. Gross Domestic Product. Continue reading

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Chrysler to Repay Loans with New Debt. Fiat to Up Stake to 46%. Credit Ratings under Review for Possible Downgrade?

Chrysler Group will repay the loans provided from the U.S. Department of the Treasury and the Canadian federal and Ontario governments by June. Continue reading

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Chrysler Sells Global Electric Motorcars to Polaris Industries

In practice the glorified golf carts provided good transportation in gated communities, sports stadiums or campuses, but with a top speed of 25 mph and a range of 30 miles on a charge GEM electric vehicles were limited to niche markets. Nonetheless, Chrysler estimates that it sold 45,000 of the EVs during the last decade. Continue reading

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Fiat Increases Ownership of Chrysler Group to 30%

This newly enlarged Fiat position in the Michigan based automaker is the result of Chrysler’s achievement of the second of three performance-related goals dictated by the U.S. Treasury Department when it financed a Chrysler bankruptcy and reorganization in 2009. Continue reading

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Chrysler Brand Launches “No Pressure” Test Drives at Malls

Chrysler Group said today that it is bringing Chrysler brand vehicles to shopping malls so potential customers can drive them in what is claimed to be a no pressure environment.

Shoppers will be able to drive the 2011 lineup, which includes the new, redesigned and 2011 200 sedan and 200 Convertible, the revised Chrysler 300 sedan and the innovative Chrysler Town & Country minivan. Continue reading

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Mopar Charger Sketch Released. New York Auto Show Debut?

All Chrysler Group is saying is here’s a sketch of its new 2011 Mopar Charger. Dodge will release details of the latest Mopar muscle car “later this month,” which points to a New York Auto Show Debut. Continue reading

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Steelworkers follow UAW and Ratify Contract with Dana

The contract has implications for the United Autoworkers Union as it enters negotiations this summer with automakers since the Dana contract reduces but does not eliminate the gap in the existing two-tier wage structure with Goodyear.
The UAW is fiercely divided over the two-tier issue, which allows new hires at $12 an hour, while veterans get $28. UAW president Bob King insists that reduced wages for new workers are necessary, while opposition groups within the union are calling for its end.
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General Motors Sells All of Its Ally Preferred for $1 Billion

General Motors Company (NYSE: GM) has sold of its preferred shares of Ally Financial Inc. for a total of $1.0 billion. Ally, formerly known as GMAC, is GM’s and Chryslers largest provider of automotive financing. Continue reading

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Chrysler and U.S. EPA Research Hydraulic Hybrid Minivan

Since Chrysler Group’s U.S. sales are comprised of more than 70% of vehicles rated as trucks, the company remains vulnerable to rising fuel prices. The E.P.A. claimed that a hydraulic hybrid could provide +35% in fuel efficiency gains, and possibly as much as a 60% improvement is city driving, compared to traditional powertrains in the same type of vehicles. Continue reading

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Buy American in 2010? Not Really

As the U.S. automobile market recovered somewhat in 2010 and increased truck sales particularly helped Ford, General Motors and Chrysler record above average sale gains compared to the industry, there was speculation that “Buy American” was a factor. Now that … Continue reading

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Redesigned Models Offer Automakers the Best Chance to Increase Buyer Consideration

A redesigned new model is an automaker’s best opportunity to change the perceptions of the past, according to a new study released today that analyzes the reasons auto buyers fail to consider – or avoid – particular models when shopping for a new vehicle. Continue reading

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Chrysler Group Hiring 1000 Engineers

Chrysler Group plans to hire 1000 new engineers by the end of first quarter 2011. The reorganized company now controlled by Fiat is looking for college grads and those with more experience. Continue reading

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Toyota Tops EPA Economy and CO2 Emissions List

For the 2009 model year Toyota had the lowest fleetwide adjusted composite CO2 emissions – and highest fuel economy – performance, followed by Hyundai and Honda, according to the U.S. Environmental Protection Agency. 

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