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Click for enlarged version So you’ve just got US$4 billion in bailout money. What do you do? Do you immediately get to trying to turn your company around, cut costs, boost sales, etc? Well no. […]
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Chrysler could be the Mercedes of America?
Uh… right. Chrysler co-President Jim Press is suggesting that Chrysler could become a “boutique enterprise” similiar to the BMW and Mercedes-Benz, premium carmakers of Germany. Yes, Chrysler could become the Mercedes or BMW of America! […]
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GM and Chrysler get US$17.4 billion bailout
They’ve done it, the Detroit boys have managed to secure federal emergency loans to execute their plans to stay afloat. Initially their request for money was rejected by the US Senate, but the Bush administration […]
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GM apologizes to the American taxpayer
The American taxpayers are probably furious at GM and the silver lining is at least GM knows it, hence this two-page apology letter to the American taxpayer you can read here.
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SNL satire sketch on Detroit 3 bail-out
American sketch comedy show Saturday Night Live did a satire skit on the Detroit 3 and their request for a federal bail-out which involved the heads of all three American auto companies on a panel […]
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Dodge Journey 7-seater MPV
Before Daimler got rid of Chrysler, there was a team in DaimlerChrysler Malaysia (now known as Mercedes-Benz Malaysia) studying the possibility of introducing the Chrysler brand here in Malaysia, and other marques within the Chrysler […]
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Chrysler continues work on production Dodge Hornet
Fans of Chrysler’s Dodge Hornet 2006 Geneva concept should be excited now as there is new indication of the company’s continued interest and intention to produce a production version of the compact car. Chrysler vice […]
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Chrysler and Nissan enters Versa rebadging deal
Chrysler and Nissan has entered a rebadging deal, which involves Chrysler selling the Nissan Latio (called the Nissan Versa in North America) with a Chrysler marque in South America. I’m not sure if the Latio/Versa/Tiida […]
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Nissan and Chrysler in technical collaboration talks
Nissan and Chrysler are current exploring the possibilities of a technical collaboration to help each other with new vehicle development. Nissan is interested in leveraging on Chrysler’s full-size truck expertise, while Chrysler is interested in […]
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Chery and Chrysler discusses two small car projects
Chery S12 to enter South American market After a short pause because of the recent change in ownership over at Chrysler, the talks between Chery and Chrysler on their small car collaboration has resumed. Two […]
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Chery wants to reexamine Chrysler small car deal
Chery wants to re-examine it’s deal with Chrysler to develop Chrysler-branded small cars for numerous markets, said Zhang Li, Chery Automobile Co Ltd’s general manager. The project has been halted for the moment and awaits […]
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Chrysler goes for US$7.45 billion
DaimlerChrysler has finally dumped Chrysler to private equity group Cerberus Capital Management for US$7.45 billion, or 5.5 billion euros. DaimlerChrysler will still retain 19.9 pecent of Chrysler, which means perhaps a name change will not […]
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CEO gets grilled by DaimlerChrysler shareholders
DaimlerChrysler CEO Dieter Zetsche was “grilled” at a shareholder’s meeting yesterday, for not moving fast enough to dispose of Chrysler, seen as a patient leeching off the profitable German half of the DaimlerChrysler supposed “merger […]
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Shareholders want Chrysler name dropped from DaimlerChrysler
Two DaimlerChrysler Shareholders, Ekkehard Wenger and Leonhard Knoll have submitted a name change proposal to the DaimlerChrysler board of directors, detailing their wishes for the company to drop the name Chrysler regardless of whether Chrysler […]
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Cerberus hires Bernhard to analyze Chrysler bid
Other than the obvious buyout by another car company – General Motors, two non-automotive companies have been interested in Chrysler – the Blackstone Group and Cerberus. Investment firm Blackstone is currently already in the auto […]