Word: chryslers
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...Read Chrysler's full report
...Gulfstreams, Citations, Lears - are described as luxurious by reporters who probably have never been on board. Good guess, though. Being a business journalist, I've been on a number of corporate chariots, ranging from Nike's (think new, cushy Air Jordans with wings) to Wal-Mart's (think used Chrysler minivan with wings.) Typically, you are offered a ride-along with the CEO to watch the big boss in Action Mode. I'm not really sure if this is designed to impress or if it's simply an effective use of the CEO's time. After...
With sales tumbling to levels last seen back in the 1950s, General Motor Corp., Ford Motor Co. and Chrysler LCC updated plans for restructuring and justifying requests for billions in federal...
...Chrysler is looking for a $7 billion bridge loan by the end of 2008. The company also is asking for $6 billion in loans from an already-approved Energy Department program established to encourage production of fuel-efficient cars...
...Overall industry sales dropped 35% in November. Ford actually beat the industry, reporting a sales drop of 30% but GM reported a 41% drop and Chrysler's fell 42%. Nissan's sales dropped 44%, Toyota fell 35% and Honda fell a similar amount. "We cannot continue to operate at these levels or the entire industry is going to go down," said Mike DiGiovanni, GM's director of market analysis, who acknowledged the steep drop in sales in October and November was devastating to the company's finances...