Chrysler dealers asked to buy more cars

Chrysler dealers asked to buy more cars

In a closed-door meeting at the National Automobile Dealers Association convention in New Orleans, Chrysler president Jim Press asked dealers to continue ordering vehicles.

In the kick-off to a nationwide tour of Chrysler, Dodge and Jeep dealerships, Press and other company executives presented the case for Chrysler, sharing information about the viability plan the automaker will present to the federal government next month and discussing future products. Press told the assembled dealers that ordering the requested allocations,

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Seven Fiats on their way?

Seven Fiats on their way?

 

According to Automotive News, Chrysler and Fiat will build seven new vehicles at North American Chrysler plants, selling four under Chrysler marques and three under the Fiat or Alfa Romeo label.  They will be sold by existing Chrysler, Jeep, and Dodge dealerships. The vehicles will range from micro (A) to mid-sized (D) in size, perhaps displacing a planned Nissan-based model. The Fiat 500 would be built in Toluca,

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Press: Chrysler could be viable by spring

Press: Chrysler could be viable by spring

Speaking to reporters at the National Automobile Dealers Association convention in New Orleans, Chrysler President Jim Press said the company could be viable by spring this year.

Press said viability depended on Chrysler being able to complete the restructuring that is already underway, an improvement in the credit situation and the introduction of improved vehicles. He added that his idea of viable meant the company was solvent and had the ability to invest in new vehicles and repay the government loans it as received.

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Chrysler may have Fiat car for U.S. in 2 years

Chrysler may have Fiat car for U.S. in 2 years

Chrysler President and Vice-Chairman Jim Press says the company could have a Fiat-based car ready to sell in the U.S. market within two years.

Press, who was speaking at a conference in New Orleans, declined to go into specifics about which Fiat car might be selected or how whether it would be sold as a Chrysler or Fiat but Steve Landry, executive v-p of sales, said the Detroit automaker is considering three of Fiat’s smallest cars,

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Union okays closing Chrysler Jobs Bank

Union okays closing Chrysler Jobs Bank

The United Auto Workers union will allow Chrysler to end its Jobs Bank program on Monday. The Jobs Bank, the source of much criticism from Congress during the loan hearings, allowed some laid-off workers to remain on the payroll at 100 percent of their base pay. In return, the workers were supposed to be available for other assignments or community service work. Under the new rules, laid-off workers will be eligible only for regular state unemployment benefits and supplemental pay.

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Chrysler Employee Pricing Plus Plus

Chrysler Employee Pricing Plus Plus

A new program set to take effect January 26, Chrysler Employee Pricing Plus Plus gives new vehicle customers (buyers and leasees) employee pricing on all Chrysler, Jeep, and Dodge vehicles except the Sprinter, as well as discounts of up to $3,500 on 2009 models and up to $6,000 on remaining 2008s. Zero percent financing continues to be available for loans of up to four years, and an additional $1,000 rebate is available on most models when using a qualifying credit union or Chrysler Financial.

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Daimler still wants to sell Chrysler share

Daimler still wants to sell Chrysler share

A spokesman for Daimler AG said the German automaker is still looking to unload its 19.1 percent share of Chrysler. He did not specify any company with which Daimler has been talking or would like to talk.

Daimler had been in discussions with Cerberus Capital Management, owner of the majority of Chrysler LLC but those talks have been derailed by disagreements between the two firms.

The Daimler spokesman also had no comment on the alliance between Chrysler and Fiat other than to say the company would “welcome any initiative that serves to stabilize the situation at Chrysler and preserve jobs at the company.”

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Fiat to get 35% of Chrysler

Fiat to get 35% of Chrysler

Fiat SpA, Chrysler LLC and Cerberus Capital Management have confirmed the Italian automaker will take a 35 percent share of Chrysler. There will be no cash involved in the deal.

The agreement will still need to be approved by the Treasury under the terms of the $4 billion loan extended to Chrysler which gives the U.S. government approval of all transactions valued at more than $100 million.

According to the agreement,

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