Chrysler was founded back on June 6th, 1925 by Walter P. Chrysler. continue reading...
Witnessing a Comeback Story of Epic Proportions
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I’m in sunny Los Angeles for the Auto Show. Over the next few days and week I will be publishing a number of articles on the event. Lots of great storylines, none of which are bigger than the exciting launch of the FIAT 500 yesterday. The car was originally launched in Italy on July 4 1957 and relaunched in Europe on July 4 2007.
According to Head of FIAT USA Laura Soave, the Italian giant’s investment in Chrysler paved the way for the car to re-enter the US after a 27-year absence. The Italian American Soave’s background includes stints at Ford and VW. continue reading...
At least, the Fiat 500 is. continue reading...
That’s right, Chrysler is reportedly stopping production of their PT Cruiser model and the end of the month. continue reading...
Wow, could this actually happen?
Bankruptcy may be even closer for General Motors and Chrysler, now that the Obama administration’s auto task force has determined that both may have trouble surviving as viable standalone companies. continue reading...
GM and Chrysler have made it clear that they need $21.6 billion in federal loans to stay afloat, in addition to the bailout money they have already received. They have also released detailed plans in which they cut 50,000 jobs, close several plants, and drop some of their weaker brands. Experts say this request for more money is no surprise. continue reading...
From the Wall Street Journal: continue reading...
French President Nicolas Sarkozy said on Thursday the state would put “a lot of money” into the struggling car industry.
“We are working with the car sector, car makers and their suppliers, to get out of this situation and to finalize a plan by the end of January,” Mr. Sarkozy said. continue reading...
