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Wed, 05/04/2011 - 15:37 by Neka Sehgal
In what could be termed as a great month for the automobile industry, car sales in the U.S. strongly rebounded in April, as consumers displayed a big shift toward more small-car purchases.
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Tue, 09/28/2010 - 07:48 by Shruti Sharma
Detroit -- Chrysler Group said Monday it fired 13 Detroit assembly plant workers filmed drinking alcohol and possibly smoking pot while on a lunch break at a nearby park.
Two other employees will be laid off for one month without pay.
The video, shot by WJBK-TV, Detroit, at Chrysler's Jefferson North Plant, where the U.S. automaker produces Jeep Grand Cherokees, was aired last week. Chrysler had suspended the workers indefinitely without pay Thursday, the news Web site MLive.com reported.
An employee had tipped off the TV station, saying the workers bought alcohol at a nearby liquor store and smoked in the park.
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Tue, 04/20/2010 - 09:20 by harsheeb
Auburn -- U.S. automaker Chrysler Group will likely build 400,000 Fiat brand cars a year in North America, the Detroit Free Press reported Monday.
The Free Press did not name a source, but said Fiat's five-year plan is scheduled to be released Wednesday.
Among the developments the newspaper called probable, Chrysler and Fiat's Lancia model lines are expected to merge into one global brand.
Overall, the company's plan to more than double sales from 1.3 million in 2009 to 2.8 million by 2013 hinges on Fiat and Chrysler merging the three critical components of engineering, production and sales, the newspaper said.
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Wed, 03/24/2010 - 07:19 by Shruti Sharma
Washington -- The Treasury Department's pay master said he was cutting pay an average of 15 percent among top executives at five U.S. companies that received TARP funding.
Kenneth Feinberg, who has authority over companies that received exceptional bailout assistance, said Tuesday he was cutting pay for the top 25 executives at GMAC, General Motors Co., Chrysler Group, American International Group and Chrysler Financial.
Feinberg also ordered cash compensation for the top 25 executives to be reduced 33 percent from 2009.
The combined moves generally force companies to put pay in deferred stock awards, which is thought to increase concern among employees for the long-term health of the companies.
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Thu, 01/21/2010 - 07:57 by harsheeb
Auburn -- Chrysler Group said it had re-hired Rob Liberatore, a former Washington insider, to serve as a consultant for chief executive officer Sergio Marchionne.
Liberatore, retired from the company as the vice president for global external affairs and public policy in 2007, when it was formally the DaimlerChrysler company, the Detroit Free Press reported Wednesday.
His work in Washington predates his work for Chrysler, which began in 1985. Before that, he worked at several legislative staff positions. For a time, he was the staff director for Sen. Robert Byrd, D-W.Va., the newspaper said.
Copyright 2010 by United Press International.
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Wed, 11/11/2009 - 07:28 by harsheeb
Auburn -- Chrysler Group said its Dodge Circuit sports car would no longer be the U.S. automaker's first all-electricity-powered vehicle.
In unveiling Chrysler's five-year plan, Paolo Ferrero, who directs the company's powertrain development efforts, said a commercial van would be the first purely electric vehicle, The Detroit News reported Tuesday.
During a question-and-answer period, Chief Executive Officer Sergio Marchionne said the Fiat Doblo was the first choice for the company's all-electric breakthrough vehicle.
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Tue, 10/06/2009 - 02:45 by surajdogra
Auburn Hills, Mich. -- A Chrysler Group run at the U.S. luxury car market would be an uphill battle, several industry analysts said.
Chrysler's brand chief Peter Fong announced at the Frankfurt Motor Show in September that Chrysler was exploring a brand launch "a notch above Lincoln, a notch above Cadillac," The Detroit News reported Monday.
"I can understand why," said Tom Libby, president of the Society of Automotive Analysts.
"Luxury brands are more profitable," he said.
However, Libby said squeezing in a new luxury brand in a field with established names was "going to be an extremely difficult task."
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Thu, 09/24/2009 - 01:44 by Salinder Kumar
Washington -- A major automakers trade group said Wednesday it endorsed efforts to keep U.S. drivers from using hand-held phones or texting messages while behind the wheel.
"Clearly, using a hand-held device to text or call while driving is a safety risk," said Dave McCurdy, president and chief executive officer of the Alliance of Automobile Manufacturers.
The trade group, which represents Ford Motor Co., Chrysler Group, General Motors Co., Toyota Motor Corp. and others, supports the use of hands-free devices, The Detroit News reported.
But McCurdy said: "You have to minimize the eyes' off-the-road time. That's critical."
The endorsement came a week before the U.S. Transaction Department's scheduled meetings on distracted drivers, the News said.
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Tue, 09/22/2009 - 00:48 by surajdogra
Auburn Hills, Mich. -- Chrysler's resurgence in the United States and elsewhere is likely to rely on the minivan, a company executive said.
"With more than 120,000 Chrysler Group minivans sold so far this year, the profitable and substantial minivan business plays a crucial role to our long-term success," said Peter Fong, president and chief executive officer of the Chrysler brand.
Sergio Marchionne, CEO of Fiat, which controls Chrysler, recently brought back a third shift at a minivan plant in Windsor, Ontario in Canada, the only facility where Chrysler Town & Country, Dodge Grand Caravan and Chrysler Voyager are produced, The Detroit News reported Monday.
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Thu, 08/27/2009 - 23:19 by surajdogra
Auburn Hills, Mich. -- U.S. auto giant Chrysler Group may have an image problem related to its lack of progress in producing an alternative fueled vehicle, market analysts said.
"Chrysler really isn't in the (hybrid car) game at the moment, at least not near enough for us to expect something in showrooms in 12 to 18 months," Stephanie Brinley at auto research firm AutoPacific Group told the Detroit Free Press.
"In terms of basic technology, they're not really lagging that much, in terms of actually getting cars in showrooms, they are behind," said Mike Millikin, editor of the Web site Green Car Congress.
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