Word: minivans
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...same, just one day after Kerkorian's bid was made public, the company reported a 37% decline in earnings for the first three months of this year. Chrysler execs blamed high launch costs for its redesigned minivan and the $115 million expense to make free repairs on a faulty rear-door latch on older minivans--as well as a 7.2% decline in sales. Consumer Reports has grumbled about reliability problems on the 1995 Jeep Grand Cherokee and the Dodge Intrepid. And competition is getting tougher in the minivan, pickup and sport-utility fields that made Chrysler's revamped reputation. Though...
CHRYSLER CORP. Minivan door latches allegedly have habit of opening in crashes, inspiring recall
...autos. As of last summer, Oldsmobile buyers could opt for GPS receivers, with accompanying digitized road maps, built right into their dashboards. A motorist lost in the San Fernando Valley can tap into GPS and get an instant position on the digitized map, accurate to the length of a minivan. At its current $1,995 price, GPS is still an expensive option, but rental-car companies are very interested. As prices eventually come down, these locators could become common features in cars...
...Gingrich Dec. 19, urging him "in the strongest terms" to always use a secure vehicle driven by trained security personnel. A Gingrich spokesman today denied a New York Daily News report that his boss would ride in an armored car, but said he would accept a vehicle like a minivan, "the sort of car that shuttles kids to soccer games across America." BTW: Outgoing Speaker Thomas Foley, who had similar security arrangements, also received death threats during his tenure...
...with cowls, tail fins and futuristic shapes that turned boxes on wheels into high-flying fashions of steel and chrome. But then Gale labored for almost 25 years in a company that was known mainly for a single product, the dull and dowdy economy K-cars. Although Chrysler's minivan, introduced in the mid-1980s, was a godsend to Little League teams and den mothers across America, it would win no beauty prizes. Chrysler's problem was a familiar one in the industry: slow death by committees that would end up voting on things like wheel covers. "Overmanaging details...