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Chrysler LLC will launch a new advertising campaign which highlights current and future vehicles on Monday, May 11, using the new slogan “We’re building a new car company. Come see what we’re building for you.” The campaign focuses on the quality, technology, safety and value built into every Dodge, Chrysler and Jeep® vehicle. In the [...]
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Like on Facebook • Tags: advertising, Chrysler, market.
The number of creditors objecting to the Chrysler-Fiat-Treasury plan appears to be dwindling, if a motion filed today by the “Attorneys for the Chrysler Non-TARP Lenders” (Thomas Lauria, who claimed death threats as the sole named attorney) is any evidence. In part II, the document tellingly describes the “Non-TARP Lenders” as holding “over $300 million [...]
•Like on Facebook • Tags: banks, Chrysler, credit, creditors, Dodge Ram, Fiat, GEM, government, loans, managers, market, President Obama, stock, Strategic Vision, Treasury, unions, United Auto Workers, VEBA.
Allpar has made substantial updates to its coverage of the New York Auto Show and the vehicles introduced there: 2011 Jeep Grand Cherokee Pentastar engines (known as Phoenix before a trademark issue arose) 2009 New York Auto Show coverage Later today, SMS will be bringing out its latest highly-modified Dodge Challenger. We previously noted that [...]
•Like on Facebook • Tags: aftermarket, Allpar, Dodge, Dodge Challenger, engines, HEMI, Jeep, Jeep Cherokee, Jeep Grand Cherokee, market, Mopar, Phoenix, Trucks.
In their rush to send out key details of Obama’s auto plan, many journalists ignored important information. This is the full text; other documents are available from the White House. One of the challenges we have confronted from the beginning of this administration is what to do about the state of our struggling auto industry. [...]
•Like on Facebook • Tags: Auto industry, auto task force, bailout, bankruptcy, Canada, Chrysler, Congress, credit, creditors, dealers, Dodge Ram, economy, engines, EPA, Europe, Fiat, GEM, General Motors, government, Indiana, jobs, loans, manufacturing, market, Michigan, Ohio, Opel, partnership, parts, President Obama, review, Rick Wagoner, Sales, task force, Treasury, Trucks, unions.
Head of the Fed Ben Bernanke flatly ruled out a government takeover of major banks, such as Citigroup, that would wipe out stockholders. Rhetoric is rather different when talking about banks vs. automakers. When they mention GM and Ford, they say the stockholders deserve nothing because they were asleep at the switch. Automaker bankruptcy has [...]
•Like on Facebook • Tags: acquisition, automakers, bankruptcy, banks, Bob Corker, Chrysler, credit, executive compensation, Executives, government, lawyers, market, merger, retiree benefits, retirees, stock, Takeover.
Automotive News just reported that Moody’s Investors Service has cut Fiat SpA’s long-term rating to Ba1, the first level of “junk” status, as a result of negative cash flow, debt, and a weak automotive market. Moody’s put on a negative outlook, indicating that they could downgrade it again within two years. While Moody’s noted Fiat’s [...]
•Like on Facebook • Tags: Fiat, market, Moody's, production.