Cars
The latest development in Chrysler's ongoing saga is the elimination of approximately a quarter of its 3,181 U.S. dealerships by early next month. In a motion filed with the U.S. bankruptcy court, the American automaker said that it would shut down 789 Chrysler, Dodge and Jeep dealerships that represent around 14 percent of the firm's sales volume in the U.S. by June 9. Chrysler supports that the company's goal with this move is to create a stronger and more profitable dealer network.
- Chrysler - Fiat Deal Finalized After U.s. Supreme Court Clears The Path, Marchionne Appointed New Chrysler Group Ceo
The U.S. Supreme Court has finally cleared the way for the government-backed sale of Chrysler LLC to the Fiat Group. The Supreme Court rejected arguments from three Indiana pension funds and other opponents of the transaction to delay the deal while the...
- General Motors To Close Roughly Half Of Its Canadian Dealerships
Following last Friday's announcement on the closure of 1,100 dealerships across the U.S. by fall 2010, General Motors is now telling approximately 42 percent of its Canadian dealers that they will lose their franchises next year. The U.S. automaker...
- Chrysler Sees Sales Fall 55% In January, Believes 2009 U.s. Sales Could Fall Under 10 Million Units
Not that we were surprised, but a 55 percent drop in sales is something that should worry the hell out of Chrysler LLC officials. In January, the company sold a total of 62,157 Dodge, Chrysler and Jeep vehicles in the U.S. compared to 137,392 units the...
- Chrysler Llc To Halt Production At All Plants For At Least One Month
It is no secret that the entire automotive industry is facing one of its worse times ever at the moment so we can't say that we are actually surprised with Chrysler LLC's decision to close all 30 of its plants for at least a month at the end of...
- Chrysler To Shut Down Delaware Plant In 2008 And Reduce Production At Toledo
While Cerberus is reportedly talking with GM and Renault (click here for details), Chrysler continues to close factories and lay off workers in its North American sites. Today the American automaker said that it plans to close the Delaware Assembly Plant...
Cars
Chrysler LLC Shutting Down 789 Dealerships Across the U.S. by June 9
The latest development in Chrysler's ongoing saga is the elimination of approximately a quarter of its 3,181 U.S. dealerships by early next month. In a motion filed with the U.S. bankruptcy court, the American automaker said that it would shut down 789 Chrysler, Dodge and Jeep dealerships that represent around 14 percent of the firm's sales volume in the U.S. by June 9. Chrysler supports that the company's goal with this move is to create a stronger and more profitable dealer network."It is with a deep sense of sadness that we must take steps to end some of our Sales and Service Dealer Agreements," said Steven Landry, Executive Vice President, North American Sales and Marketing, Global Service and Parts. "The decision, though difficult, was based on a data-driven matrix that assessed a number of key metrics."
"The review was an objective and rigorous process that was both thoughtful and thorough. We plan to work to have an orderly transition. These are extraordinary times, and they call for an extraordinary response. It is important to our dealers and to our customers that these steps be completed quickly and seamlessly as we transition to a new Chrysler," Landry added.
- Chrysler - Fiat Deal Finalized After U.s. Supreme Court Clears The Path, Marchionne Appointed New Chrysler Group Ceo
The U.S. Supreme Court has finally cleared the way for the government-backed sale of Chrysler LLC to the Fiat Group. The Supreme Court rejected arguments from three Indiana pension funds and other opponents of the transaction to delay the deal while the...
- General Motors To Close Roughly Half Of Its Canadian Dealerships
Following last Friday's announcement on the closure of 1,100 dealerships across the U.S. by fall 2010, General Motors is now telling approximately 42 percent of its Canadian dealers that they will lose their franchises next year. The U.S. automaker...
- Chrysler Sees Sales Fall 55% In January, Believes 2009 U.s. Sales Could Fall Under 10 Million Units
Not that we were surprised, but a 55 percent drop in sales is something that should worry the hell out of Chrysler LLC officials. In January, the company sold a total of 62,157 Dodge, Chrysler and Jeep vehicles in the U.S. compared to 137,392 units the...
- Chrysler Llc To Halt Production At All Plants For At Least One Month
It is no secret that the entire automotive industry is facing one of its worse times ever at the moment so we can't say that we are actually surprised with Chrysler LLC's decision to close all 30 of its plants for at least a month at the end of...
- Chrysler To Shut Down Delaware Plant In 2008 And Reduce Production At Toledo
While Cerberus is reportedly talking with GM and Renault (click here for details), Chrysler continues to close factories and lay off workers in its North American sites. Today the American automaker said that it plans to close the Delaware Assembly Plant...