Word: chryslers
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...understand what makes the descendants of the Jeep the hottest vehicles of the 1990s, consider this fact: one of Chrysler's biggest challenges four years ago was to design the Grand Cherokee so the CD player wouldn't skip when going over rocks...
...Christopher Cedergren, senior vice president of AutoPacific, an automotive consulting firm. In other words, they perform the neat psychological function of persuading baby boomers that reaching middle age has not turned them into grownups. "They don't carry the same label of suburban domesticity as our vans do," says Chrysler vice president Bernard Robertson, general manager of the company's light truck and Jeep division. "We get letters all the time saying, 'I've got a Mercedes or BMW, but I always drive the Jeep...
...months of 1994, according to the Chicago outplacement firm Challenger, Gray & Christmas, up 13% from last year's pace. General Motors alone eliminated 17,000 jobs in the first quarter even though it plans to boost output 5.4% this year. (Such labor cutbacks have not stopped GM, Ford and Chrysler from raising prices on popular models like the Chevrolet pickup and the Jeep Grand Cherokee.) Overall, the hourly output of Detroit's workers has been increasing at an annual rate of 6.5%, while wages have grown just...
With impressive government experience already behind him, Altman probably felt confident that he knew the rules of the game when he joined Clinton last year. As Jimmy Carter's Assistant Treasury Secretary, Altman helped engineer ) the Chrysler bailout. Thanks to his talent and good luck (he and Clinton became friends in college), Altman is now Lloyd Bentsen's understudy. He is also acting head of the Resolution Trust Corporation, an assignment he accepted to fill a temporary vacancy in the RTC's chairmanship. This is the chore that has sullied...
...part of a $1.8 billion plan to boost production of its popular Jeep Cherokees, minivans and trucks, Chrysler Corp. will hire 6,000 new workers. The company's truck and car sales jumped 19.5% last year...