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Chrysler is looking to slaughter one of its Toledo-made SUV twins, the Dodge Nitro or Jeep Liberty. Only one can survive the elimination process, and our money is on the Jeep sticking around, with the Dodge getting the axe in 2012. It's all part of "Big" Bob Nardelli's unrelenting thirst for blood quest to cut back on unnecessary badge-engineered, platform-sharing vehicles that exist only to make dealers happy. Of course, there are talks of Chrysler getting more dealers to consolidate all the brands under one roof. Wait a sec, we're talking about an American automaker? This doesn't make sense ... err, actually, it makes too much sense. [Toledo Blade via AutomobileMag] More »
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As further evidence that Cerberus bit off far more than it expected with its purchase of Chrysler last fall, an internal memo revealed to the Free Press shows that the last few months have been even worse than Chrysler expected. In fact, June numbers are showing an industry-wide disaster looming, with total U.S. vehicle sales down 7 percent in April, 8 percent in May, and on pace to drop 20 percent in June to an annualized rate of only 12.5 million. The memo didn't specifically mention any additional cuts at Chrysler, but CEOs don't generally send e-mails warning of a looming industry crisis just before announcing across-the-board raises. More »
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