Ken Czubay, head of Ford's U.S. sales and marketing, today noted along with ambitious product strategy they're "going to aggressively market new products," because "we still have some very competitive Asian and European competitors." He's right, Ford's posted big conquest sales on the backs of their American rivals.
After the post on Chrysler considering killing the Jeep Wrangler, we circled back and actually read the source material Edmunds InsideLine links to and decided maybe Chrysler wasn't looking at killing the golden goose after all.
President Obama announced moments ago Chrysler will officially file for a "quick" Chapter 11 bankruptcy protection under United States Code in New York bankruptcy court later today, then partner with Fiat. Here's what happens next.
A Chrysler bankruptcy will more than likely be filed today, with Fiat picking carrion-bird-like at the automakers remains. That got us thinking about what a re-badged Fiat future would look like. The answer? It's grim.
The New York Times is reporting Chrysler's expected to seek Chapter 11 bankruptcy protection Thursday, most likely in New York. And that's when Fiat swoops in for the kill like an Italian bird of prey.
Chrysler reaches deal with Treasury, 45 banks for debt write down, may avert bankruptcy. [WashPost]
With seven days left in Chrysler's 30-day government-funded reprieve, the NYT is reporting the Auto Task Force is preparing a bankruptcy filing for the beleaguered U.S. automaker. What happened to Fiat? [NYT]
Following the failure of the auto industry aid bill in the Senate, Chrysler's suppliers are demanding payment before any parts hit the assembly line in what is a major blow to the already embattled automaker.
The CEOs of the not-so-Big Three made it to DC for committee hearings beginning today at 10:00 AM. According to Bloomberg's sources, GM and Chrysler execs are considering a pre-arranged bankruptcy (which we've already said is a good thing) as a last-resort of getting a multibillion-dollar government loan.
Chrysler LLC revealed a $515 million first-quarter 2008 loss, despite the fact that the privately held firm isn't required to discuss earnings. So what gives? Ex-lover Daimler spilled the beans Thursday, stating that its 20% stake in Chrysler lost about $105 million in value. The Detroit News did some quick math,…
Former chairman Lee Iacocca gave a closed pep rally to Chrysler employees yesterday in Auburn Hills, once again sharing the stage with a K-car, a minivan...and rumors of Chrysler's imminent bankruptcy. While current CEO Bob Nardelli was praising Iacocca as "Chrysler's most dynamic leader" and "a great American,"…