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
May 6, 2008
Well, with the proliferation of Starbuck Coffee Shops nowadays, I guess you can almost ask How exactly do you NOT hit a Starbucks these days? But patrons at a Starbucks in Bellingham, Washington got quite the surprise yesterday when a 2008 Chrysler 300, driven by an elderly man, crashed through the plate glass windows and across the shop.
5 people were injured in the incident, luckily none seriously though, and the driver is now facing a charge of second degree negligent driving. Interestingly, the table embedded in the grille kinda it makes it look like the 300 is sticking it’s tongue out. We’re assuming the injured will be suing for millions to cover the cost of spilled coffee.
From what we’re being told though, No coffee beans where hurt in the crash.
More images available below
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