Chrysler

Chrysler loses $197 million

In yet another example of stunning performance, Chrysler posted a net loss of $197 million in the first quarter of 2010. That’s on top of the $3.8 billion that Chrysler has lost since it exited bankruptcy protection. Through the vagaries of accounting that only accountants and perhaps leprechauns can understand, Chrysler did manage to generate [...]

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Chrysler reneging on $4 Billion in TARP Loans

The TARP loans given to Chrysler and GM were never intended to be loans, despite what lawmakers and auto executives would have you believe. It was always the government’s intention to give this money to the automakers – knowing all along that they would never see the money again. The only reason the government masqueraded [...]

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Chrysler aims to be quality leader by 2012

I couldn’t make this up. Chrysler Group LLC has a stated goal of being a “quality leader” by the end of 2012. That’s just barely three years away folks. I hate to break it to you Chrysler, but a company doesn’t go from “utter crap” to “best of the best” in 3 years, no matter [...]

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Highlights from the Chrysler Marathon

Two days ago, Chrysler held what may be the longest press conference in world history. OK, maybe not *the* longest, but it was pretty farking long. They talked about, well, anything and everything Chrysler related. Problems, plans, goals, you name it. Here are just a few of the things I think are worth mentioning: Chrysler [...]

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New Chrysler Logo

Well, there it is. The all new Chrysler logo for an all new Chrysler. I’m so in awe of this shiny new logo that I feel the urge to go buy a Sebring. That’s the idea, right?

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GM Bankruptcy and the Changing US Automotive Industry

Yesterday General Motors officially entered Chapter 11 Bankruptcy protection – which came as no surprise to anyone.  After having a day or so to digest the facts, I’m very saddened by what the US automotive industry has come to.  When Government Motors ( the new name? ) emerges from bankruptcy, the United States government will [...]

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Black Thursday and Friday

The past two days have been dark ones for the domestic auto industry.  On Thursday, Chrysler, LLC made a powerful announcement – they would not be renewing franchise agreements for 789 Chrysler, Dodge, and Jeep dealerships.  The list was made publicly available, and can be viewed here.  To follow up that bad news, GM announced [...]

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Chrysler files for Bankruptcy

None other than The Great Obama himself announced it, to top it all off.  Chrysler, LLC is officially under Chapter 11 bankruptcy protection.  Just to clarify, this is a “restructuring” type of bankruptcy, not the liquidation that occurs in Chapter 7.  This bankruptcy is, of course, with the blessing of the United States government.  They [...]

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