Posted by Admin on
November 18, 2008
Chrysler may be running around like a chicken without a head, but the craziest bird in the roost, the Dodge Viper, is out dancing in the fields. Even while companies worldwide prepare to ransack Chrysler, the Viper sales are unflinchingly continuing. Although Chrysler sales are reportedly down an amazing 32%, Dodge continues to produce and sell Vipers at a rate of 100 units per month. Not just that, but the Viper ACR – that $105k track-prepped super-snake – is all but completely sold out… not so much in spite of the poor economy, but because of it. Chrysler reports that with stock portfolios rapidly losing their value and dollar values plummeting, investors are seeing the Viper ACR as a good investment opportunity due to its potential discontinuation and therefore retaining a high resale value - all with smile inducing dividends, too.
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Posted by Admin on
October 17, 2008
The WSJ reports today that Cerberus and GM are moving full-steam-ahead in their efforts to get a GM-Chrysler deal done by the end of October. What’s even more interesting though is news that Renault may have their hand in the cookie jar too, negotiating for one or more parts of Chrysler and leading to speculation the Auburn Hills, MI-based automaker could be divvied up among several companies: Basically the worst-case scenario envisioned when Cerberus Capital Management took over in 2007.
On top of that, David Faber of CNBC had a chance to sit down with ChryslerCo CEO, Bob “The Builder” Nardelli; while we haven’t had a chance to run through it in its entirety, hit the jump for the a full transcript of the CNBC interview with Nardelli.
So what’s Nardelli got to say about life, liberty and the pursuit of less losses for Cerberus? Here’s the full transcript of his exclusive interview with CNBC’s David Faber:
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Posted by Admin on
September 17, 2008
Bob Nardelli, Chrysler’s Chairman and CEO, stated recently that the company has “been approached by third parties who are interested in exploring future possibilities for Viper.” Apparently, instead of just axing the Viper from Dodge’s lineup, Chrysler is “exploring strategic options” for the Viper brand name. (read: they’re trying to figure out how much money they can get for it.) It’s still unclear what any potential buyer would get, as back in February the company has halted Viper development.
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Posted by Admin on
June 16, 2008
The Insurance Institute for Highway Safety (IIHS) has released their results from sending the all new 2008 Dodge Caravan into walls and other large obstacles a few times.
The good news for Dodge is that the minivan received top scores of Good in front and side crashes. The bad news is that the rear crash tests came back with a Marginal score, the second lowest possible.
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Posted by Admin on
June 11, 2008
In the latest round of customer surveys conducted by U.S. market research institute J.D. Power, Mercedes-Benz has become the recipient of not 1… not 2… but 3 accolades. Receiving 2 gold awards for the highest vehicle quality in their respective market segments are the E-Class and CLK-Class, while the Platinum Award was bestowed upon Mercedes Benz’s Sindelfingen plant. The Platinum award makes it the assembly facility with the best delivered quality worldwide. Overall, Mercedes improved one place over last year - ranking fourth in overall quality - and it was also the only European brand to win an individual model award.
How does J.D. Power arrive at the results? Market researchers investigate the satisfaction of American customers within the first 90 days of their vehicle purchases, evaluating the quality of both the concept and execution of the purchased vehicle. This year, the opinions of some 80,000 verified owners were tabulated, all of whom owned 2008 model year vehicles.
To learn more about the latest J.D. Power Quality Study as well as how the Mercedes-Benz brand fared, you can find the full details below and at J.D. Power’s Website.
Enjoy.
OFFICIAL PRESS RELEASE
Latest J.D. Power Quality Study from the U.S.: Mercedes-Benz receives three awards for best product quality
Stuttgart - Mercedes-Benz is one of the most successful auto brands in this year’s customer survey conducted by U.S. market research institute J.D. Power. The Stuttgart car brand receives two gold awards for the highest vehicle quality in their respective market segments, and is also honoured for the world’s best production plant. This outstanding result is one outcome of the initiative launched by Mercedes-Benz to raise customer satisfaction and product quality.
In conducting the annual study, market researchers investigate the satisfaction of American customers with new vehicle purchases within the first 90 days, and evaluate the quality of both the concept and execution of the vehicle. Overall, Mercedes-Benz moved up one place against last year from fifth to fourth, and is the only vehicle brand with three models (CLK, E and S-Class) within the top ten passenger vehicles.
This year saw the E-Class and the CLK each receive gold J.D. Power Awards. According to the U.S. study, these models are the highest quality vehicles in their market segments. Furthermore, Mercedes’ Sindelfingen plant receives the Platinum Award, making it the assembly facility with the best delivered quality worldwide.
Copyright © 2008, Daimler AG
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