Posted on July 22nd, 2009 • by Bill Cawthon
With the emergence of Chrysler Group from bankruptcy, the Obama Administration is terminating its program that essentially provided government guarantees for new vehicle warranties. The $641 million allocated for the program, that also covered new GM vehicles, has been returned to the Treasury with interest. “With the successful emergence of the new companies, consumers can [...]
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Posted on March 11th, 2009 • by Bill Cawthon
Allpar members report Chrysler has made some changes to its Certified Pre-Owned Vehicle service programs. The new programs became effective March 9th; they feature two levels of coverage with the base limited warranty. The certified buyer gets an initial three-month, 3,000 full mechanical coverage which then reverts to a six-year/80,000-mile powertrain coverage plan (based on [...]
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Posted on November 26th, 2008 • by David Zatz
After 23 years of service, Don Goodwin, Vice President—Global Service, announced his intention to retire at the end of November. He had spent 21 years in product development. With his departure, Chrysler announced a “realignment” of the Service and Parts organization; pending that, numerous executives will report to Executive Vice President Simon Boag, who is [...]
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Posted on November 20th, 2008 • by David Zatz
Chrysler has started to polish its image with the following online ad. Chrysler’s CEO, Bob Nardelli, was the only Big Three CEO to agree to a $1 per year salary while taking Federal loans. The domestic automobile industry is an integral part of the U.S. economy, representing 4% of our nations GDP. One in ten [...]
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Posted on November 19th, 2008 • by David Zatz
Though he has opposed loose use of bankruptcy laws in the past, the lead Republican critic of auto industry bridge loans, Senator Richard Shelby, whose turf includes several “transplant” car factories, has strongly urged the Big Three automakers to declare bankruptcy to “free themselves” of past obligations. Senator Shelby has noted that bankruptcy would allow [...]
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Posted on November 18th, 2008 • by David Zatz
Chrysler LLC Chairman and Chief Executive Bob Nardelli read the following statement to the U.S. Senate Committee on Banking, Housing and Urban Affairs, on Nov. 18, 2008: Mr. Chairman, members of the Committee, I appreciate this opportunity to address the current economic and financial crisis, the impact it is having on the automotive industry, and [...]
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