December 11, 2008
GM and Chrysler informed Congress they could run out of cash in weeks. We are about to find out how many weeks they meant. The bailout bill had passed in the House of Representatives, but Senate Republicans wanted further modifications made to the bill. The collapse of the bill came after talks broke down with [...]
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November 2, 2007
Chrysler announced that it plans to cut as many as 12,000 more employees from its hourly and salaried ranks, while cutting four vehicles from his product lineup.
The Dodge Magnum, the convertible version of Chrysler PT Cruiser, Chrysler Pacifica and Chrysler Crossfire all get axed for 2008, although the company is adding the Dodge Journey crossover [...]
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Too many models
October 19, 2007Chrysler and Cerberus couldn’t provide the UAW with specific product guarantees because they’ve figured out they have too many vehicles that do too little for sales and the bottom line.
The Auburn Hills, MI-based automaker is expected to cut at least five vehicles from its product lineup, including the much ballyhooed, but cannibalizing Jeep Commander. Did [...]