Monday, November 23, 2009

Chrysler Group LLC will translate into dazzling stock market success


Fiat may get mileage from Chrysler after all

Maybe, just maybe, Fiat Group SpA's link with Chrysler Group LLC will translate into dazzling stock market success.

While some investment analysts think Chrysler is unsalvageable, and therefore of no use to Fiat, others are now taking the view that Chrysler is a turnaround story in the making, one that could lift the Italian auto makers' fortunes....More
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Friday, November 20, 2009

Four Chrysler vehicles were named Top Safety Picks for 2010





Four Chrysler vehicles were named Top Safety Picks for 2010 by the Insurance Institute for Highway Safety while Toyota failed to place a single car or truck on the list. Chrysler also had more domestic models on the list than either Ford or General Motors.

Chrysler got the nod for the Avenger and Sebring sedans when equipped with optional Electronic Stability Control, the Dodge Journey and the Jeep Patriot with optional thorax side air bags.....More
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Thursday, November 19, 2009

Chrysler zeroes in on quality

Chrysler Group LLC's senior vice president in charge of quality told The Detroit News on Wednesday that changing the companys culture to collectively attack quality problems has been as difficult -- and essential-- as making better cars---...More
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U.S. encouraged by Fiat plan for Chrysler


WASHINGTON (Reuters) - The U.S. government is encouraged by the turnaround plan for Chrysler presented by Fiat SpA (FIA.MI) but will not push for a quick offering of the automaker's shares, a senior official said.

"We see management with a huge sense of urgency. We see a huge dedication and commitment, working extremely hard," Ron Bloom, who heads the Obama administration's autos task force told Reuters on Tuesday. "It's an ambitious plan."

The U.S. Treasury directed and funded a restructuring of the No. 3 U.S. automaker in bankruptcy that gave operational control of Chrysler and an initial 20-percent stake to Fiat....More
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Wednesday, November 18, 2009

GM to make Volt announcement, show off Cruze at L.A. auto show

General Motors Co. will announce a list of initial retail markets for the Chevrolet Volt extended-range electric car at next months Los Angeles International Auto Show.---...More
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GM offered $2.6M tax break to stay at RenCen

The state Tuesday approved additional tax incentives to ensure General Motors Co. keeps its headquarters in Detroit and help several companies create jobs in a state stung by manufacturing cuts.---...More
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Wednesday, November 11, 2009

Chrysler revamps electric program

Chrysler Group LLC is restructuring its electric program as it works to develop hybrids and electric vehicles for its own brands as well as for partner Fiat SpA---...More
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GM to put electric Cadillac Converj into production

General Motors Co. will expand its electric vehicle lineup by building the Cadillac Converj, a luxury car some feared would never move beyond the concept stage because of GMs financial troubles.--...More
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GM's Reilly to manage Opel/Vauxhall until CEO is found

General Motors' head of international operations, Nick Reilly, will assume responsibility immediately for GMs Opel and Vauxhall operations in Europe until a new CEO is appointed.---...More
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Friday, November 6, 2009

GM hourly workers face permanent layoffs

Detroit -- While General Motors Co. does not plan any deep job cuts, the automaker still has too many hourly workers and could permanently eliminate some of the 6,000 to 7,000 workers currently on layoff---...More
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Thursday, November 5, 2009

Chrysler lays out lofty revival plan

Auburn Hills -- Chrysler Group LLC Chief Executive Sergio Marchionne laid out an ambitious, detailed plan Wednesday to revive the struggling Auburn Hills automaker by replenishing its lineup with high-quality and attractive models to more than double sales within five years and start generating profit in 2011.---...More
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GM will cut jobs in Opel strategy

Washington -- General Motors Co. said Wednesday some 10,000 European jobs will be sacrificed at its money-losing Adam Opel GmbH unit, which the automaker decided this week to keep, rather than sell to Canadas Magna International Inc. and its Russian partner, Sberbank.----...More
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Monday, November 2, 2009

Marchionne: Man with the plan to rescue Chrysler


CEO to unveil his 5-year strategy Wednesday

From the dark rumpled sweaters he wears most days to his modest, fourth-floor command post at the Chrysler Tech Center in Auburn Hills, Sergio Marchionne has said that he is intent on debunking the "Great Man" theory of leadership.
"At Fiat, we have created a culture where everyone is expected to lead," he wrote last December in the Harvard Business Review....More
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