Marchionne: Sterling Heights plant will close in 2010

Dashing hopes that refreshes of the Chrysler Sebring and Dodge Avenger indicated company executives were re-thinking the closure of the Sterling Heights Assembly Plant, Chrysler CEO Sergio Marchionne says the plant will be shuttered at the end of 2010 as originally planned.
Marchionne said he has ruled out major refreshes to the two sedans, which never [...]

Sebring, 200C: ambiguous future

Sergio Marchionne has stated that Fiat/Alfa will be using Chrysler’s mid-sized platform, in an announcement that may have stunned numerous onlookers, who expected Chrysler to move to a future Alfa Romeo platform. However, the situation is not clear.

Chrysler has two mid-sized platforms at this time: the J-cars, Sebring and Avenger, and the upcoming Chrysler 200C, [...]

Sergio: Chrysler to be profitable, public

Sergio Marchionne was quizzed about Chrysler during Fiat’s sales teleconference. He said that Fiat had provided minicar underpinnings already; and that Chrysler will provide midsized and full-sized car platforms to Fiat / Alfa Romeo (possibly both the LX, and possibly the J and LX; he did not specify).  Marchionne said that many had underestimated Chrysler’s [...]

Marchionne may cut more Chrysler models

He saved the PT Cruiser, but new Chrysler Group CEO Sergio Marchionne may trim some other models from Chrysler’s lineup.
While no decisions have yet been set in stone, the Chrysler Sebring and Jeep Compass could be candidates for a date with Jack Ketch. The Compass’ GS-platform stablemates could share the Compass’ fate, though it’s possible [...]

Marchionne says Chrysler cash burn has slowed

In an interview with Bloomberg News, Chrysler Group CEO Sergio Marchionne, says the rate at which the company is going though cash has slowed since it emerged from bankruptcy last month.
“We are still burning cash, but it’s slowed down by far,” Marchionne, told Bloomberg reporters in New York City yesterday. “The question is how [...]

Iacocca welcomes Fiat, retirees volunteer

Former Chrysler Corporation chairman and CEO Lee Iacocca has signalled his approval of the Fiat-Chrysler alliance, and co-write a welcome letter to Fiat and Chrysler CEO Sergio Marchionne. The 19,000-retiree-strong National Chrysler Retirement Association publicly offered its assistance as volunteer advisers in a Detroit News advertisement, which stated, “we would be willing to meet with [...]

New Chrysler executive team (updated)

Sergio Marchionne will, as expected, be CEO of both Chrysler and Fiat. While retaining Jim Press as a deputy, he has shaken up the management structure, with the following appointments:
Peter Fong will be President and Chief Executive Officer, Chrysler Brand, with full profit and loss responsibility for the Chrysler product portfolio; and lead executive for [...]