Chrysler Group LLC can be profitable this year if its sells 1.1 million vehicles in the U.S. and 1.65 million worldwide, CEO Sergio Marchionne said.
Those sales targets represent an 18 percent improvement over Chrysler's 2009 U.S. sales and a 27 percent jump from last year's global total, both tall orders given that most industry leaders say they expect U.S. sales to rise about 10 percent this year to 11.5 million.
The difficulty is heightened by the timing of Auburn Hills-based Chrysler's new product launches that won't have much impact until the ...
Members of the Northern California-based Fiat America Car Club, which has just celebrated its 40th anniversary, might find the trek to Michigan a journey too far in January.
But if they did make it they would be rewarded by a rare sight - Fiat models taking centre stage on the Chrysler stand at Cobo Hall.
A pair of 500s, including an Abarth, are at the heart of the reassuringly large and confident stand as Fiat's control of Chrysler begins to take shape. Ferrari is also there, having missed out on the 2009 ...
Chrysler UK announced today a series of modifications for its popular 300C Limousine. The 2010 Chrysler 300C range will now offer four derivatives, the 300C SE, SR and SRT comes with an automatic gearbox and a 3.0-litre V6 diesel engine, while the SRT-8 is coupled with a mighty 6.1-litre V8 HEMI® petrol engine.
The entry-level diesel model, 300C SE, is available from £23,995 on the road, and offers a high level of standard equipment including leather trimmed seats, ESP, ABS, front, rear and side-curtain airbags, heated front seats, dual zone ...
Chrysler Group today reported sales increases on several models, both year-over-year and month-over-month. The Chrysler Sebring Sedan, Dodge Avenger, Dodge Journey and Dodge Grand Caravan all reported year-over-year sales increases. The Chrysler PT Cruiser, Chrysler Sebring Convertible, Jeep® Commander, Jeep Liberty, Jeep Compass, Jeep Patriot, Dodge Viper, Dodge Dakota and Ram Cab Chassis all reported month-over-month sales increases.
Chrysler Group reported total U.S. sales for November of 63,560 units, increasing its market share to 8.4 percent. Sales declined 25 percent versus November 2008. The company finished the month with 176,282 units ...
Chrysler Group LLC may have to terminate as many as 145 more U.S. dealers unless the retailers can find lenders to finance their new-vehicle inventory.
GMAC Inc., which replaced Chrysler Financial as preferred lender for the Auburn Hills, Michigan-based automaker's dealers, has been negotiating with Chrysler retailers, said Sue Mallino, a GMAC spokeswoman.
If dealers can't get the financing from GMAC, they may lose their franchise agreement unless they can find another lender, said Kathy Graham, a Chrysler spokeswoman.
The outcome may mean fewer dealerships for Chrysler, which has about 2,400 U.S. outlets ...
Chrysler Group LLC is cooling to the idea of U.S. assembly and sales of Alfa Romeo sports cars, the premium brand of new parent Fiat SpA, under a five-year business plan that focuses on domestic models.
Chrysler's five-year plan to return to profit and repay government loans assumes delivering 70,000 Alfa Romeos in 2014, out of a global volume of 2.8 million. The sales "aren't going to be material" to Chrysler meeting its profit targets, CEO Sergio Marchionne said in the company's business presentation at its Auburn Hills, Michigan, headquarters last ...
Chrysler Group LLC today reported a 6 percent increase in total U.S. sales compared with September 2009. Chrysler and Dodge brands reported month-over-month increases.
Chrysler Group reported total U.S. sales for October of 65,803 units, an increase of 6 percent compared with September and a decrease of 30 percent compared with the same time period in 2008. The company finished the month with 159,428 units in inventory, representing a 68-day supply. Inventory is down 60 percent versus October 2008 when it totaled 395,996 units. Overall industry figures for October are projected ...
Chrysler has asked a federal bankruptcy court to approve a sale of its shuttered Newark, Delaware, plant to the University of Delaware for $24.25 million.
A hearing in bankruptcy court in Manhattan before Judge Arthur Gonzalez is scheduled for Nov. 12 on the proposed sale, which would mark the first time a major deal has been clinched by the company managing Chrysler's assets stranded in bankruptcy.
"While other parties have continued to express interest in the property, no party has actually come forward with a higher and better offer," attorney's representing the ...
Chrysler is about to show off its new product roadmap, which will take it into the future. It's the first big move since the company emerged from bankruptcy reorganization, under its new owner, Fiat.
The Wall Street Journal reports we'll see an introduction of Fiat's Alfa Romeo brand in 2012. The Journal also says the company aims to introduce the Fiat 500 subcompact to the U.S. in 2011.
"The only thing that's going to turn Chrysler around is new product. It desperately needs it. Its dealers desperately need product. The fact ...
US carmaker Chrysler's Toluca plant in Mexico is once again assembling the PT Cruiser, according to the Wall Street Journal, after low demand and excess inventory brought a halt to production in August. Chrysler had planned to stop producing the retro-styled wagon, once a big seller for the company, but new Chief Executive Sergio Marchionne, also CEO of Fiat, saved the model in July, extending its lifecycle by one year.
Chrysler PT Cruisers are built at the Toluca, Mexico plant which used to make some of the Shadow ES/Dusters and Neons, ...
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