July 22nd, 2010 |
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According to Chrysler’s CEO, Sergio Marchionne, the beleaguered company has made an operating profit for the second quarter of 2010. While detailed information won’t be released until August 9th, Chrysler’s bottom line was helped by Fiat’s decision to distribute Chrysler, Jeep and Dodge vehicles in Italy, France, Germany, Sweden, Denmark, Belgium and the Netherlands. Regardless, [...]
July 20th, 2010 |
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Chrysler Holding, the current owner of Chrysler Financial and former owner of the auto-making division, has repaid $1.9 billion of a $4 billion bailout loan provided by the U.S. government. The repayment helps to lift a $2 billion lien on Chrysler Financial held by the government, allowing Chrysler Holding to either expand the financing arm, [...]
July 20th, 2010 |
admin |
Chrysler Holding, the current owner of Chrysler Financial and former owner of the auto-making division, has repaid $1.9 billion of a $4 billion bailout loan provided by the U.S. government. The repayment helps to lift a $2 billion lien on Chrysler Financial held by the government, allowing Chrysler Holding to either expand the financing arm, [...]
July 20th, 2010 |
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Chrysler will be keeping the Sebring name for its mid-sized sedan offering, at least for now, despite speculation that it was going to change the nameplate to Nassau. The change to Nassau was widely reported on in the press but never made official by Chrysler. Now, a Detroit Bureau source says that “As of last [...]
July 20th, 2010 |
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The alliance between Fiat and Chrysler will be working both ways. Chrysler models will also be shared with Fiat’s Lancia brand and be sold under that badge in Europe. The new platform-sharing project is part of a plan by Fiat to consolidate and shrink its Lancia and Chrysler dealer network in Europe by over 300 [...]
July 20th, 2010 |
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Chrysler will recall nearly 700,000 vehicles, worldwide, to fix brake and electrical problems. The first recall involves 365,398 Jeep Wranglers – built between May 15th, 2006 and August 9th, 2010 – which have a poorly designed braking system. During normal driving, the front fender liner can rub against brake lines. Over time, the rubbing could [...]
