Word: chrysler
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...Chrysler bankruptcy makes a bankruptcy at GM harder because the American consumer may only be able to deal with the Chapter 11 of one of its auto companies, particularly the one that is the smallest of the three. But the consumer will almost certainly be forced psychologically, if GM fails as well, to purchase automobiles only from companies which are viewed as financially stable. That means that foreign car companies will have an even greater advantage than they do now. Chrysler lost 48% of its sales in April compared with the same month as last year. Domestic sales dropped...
...Chrysler vehicles will get a dash of Fiat spice. A secretive visit by Fiat executives to Chrysler's design studio in Auburn Hills, Mich., last December convinced Fiat executives that Chrysler could still put some new zip into vehicles such as the Jeep Grand Cherokee. Even before the bailout, Chairman Robert Nardelli had decreed that the company, with help from A123, a battery maker, and General Electric would move ahead to develop electric vehicles with four times the fuel economy of Chrysler's traditional sedans and Jeeps. "We're not going back," Nardelli said...
...started in March of 2008. "If you take a look at the (new regulations), the sales pickup opportunity is going to start in about 18 months so we're going to be perfectly timed to take advantage of it," said Jim Press, the former Toyota executive, who is now Chrysler's top salesman...
...Chrysler showrooms will also be featuring new Chryslers. Press says the company also has eight new products, including a hybrid pick-up truck and electric vehicles set to role out over the next 18 months. While Chrysler has trimmed its engineering staff in the face of the financial crisis, it has kept the important projects alive, Press says...
...Last month, Chrysler engineers showed off the Dodge Circuit EV to reporters at the Society of Automotive Engineers annual meeting in Detroit. Chrysler is promising to deliver an all-electric, battery-driven vehicle, such as Dodge Circuit, by the end of 2010. The Dodge Circuit has a range of between 150 and 200 miles before the batteries must be recharged. The car can be recharged via a standard 110 volt or 220 volt outlet found in most single family homes...