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Chrysler

Chrysler reportedly confirms second shift, 900 hires at Sebring/Avenger plant

Chrysler is so confident that you’re going to go for the upcoming Sebring and Dodge Avenger that it’s reportedly adding 900 workers and another shift to the Sterling Heights where the models are assembled. That’s quite a turnaround, seeing how the factory was one of the eight slated for closure during Chrysler’s bankruptcy. The updates for both cars include revised suspensions and interiors, with the convertible getting a Pentastar V6 to boot.
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Chrysler

Chrysler Group releases the first-ever vehicle-information app

Renowned for its innovative approach in the vehicle’s manuals and user documentation, Chrysler is once again proving itself as one of the most advanced technology-incorporating brands among the vehicle manufacturers with the introduction of the first-ever smartphone vehicle-information application.

Fully packed with information that used to be stuffed into the glove box, the new app represents a paper-free, fast-access innovative solution, which offers product-feature video demonstrations, connections with fellow owners via the company’s social media sites, and access to customer care and 24-hour road-side assistance.

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Chrysler

Chrysler Group LLC Reports April 2010 U.S. Sales Increase of 25 Percent

Chrysler Group LLC today reported a U.S. sales increase of 25 percent, the best year-over-year percentage sales improvement for the company in almost five years. In addition, the company continued its trend of month-over-month sales increases in 2010, up 3 percent versus March 2010.

“April was a very positive month for Chrysler Group, with concrete results that highlight the company is on-track and gaining momentum,” said Fred Diaz, President and Chief Executive Officer – Ram Truck Brand and Lead Executive for the Sales Organisation. “Today we reported sales increased 25 percent compared with April 2009, building on the news from April 21 that the company posted an operating profit of $143 million for the first quarter 2010.”
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Advanced Auto NEWS

Judge approves liquidation of Old Carco; U.S., Canadian governments to receive almost nothing

After nearly a year under bankruptcy protection, U.S. Bankruptcy Judge Arthur Gonzalez has ruled that Old Carco LLC – the bankrupt entity of Chrysler Group – can move forward with Chapter 11 liquidation. The decision almost guarantees that the U.S. will recoup little – if any – of its Chrysler bailout loans.

The ruling was fittingly handed down on Tuesday – the same day General Motors fully repaid U.S. and Canadian bailout loans. Old Carco’s wind-down process will become effective of April 30.
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Chrysler

Marchionne: Restructuring process at Chrysler is showing “positive results”

Fiat SpA and Chrysler Group LLC CEO Sergio Marchionne said that restructuring at the U.S. automaker is showing “positive results.” Marchionne has been working hard in order to turn around Chrysler after it came out of bankruptcy.

“In terms of the market share numbers coming out of the U.S., it’s a slow, gradual process, a re-making exercise. You need to give it time,” Marchionne said.

He said that he is now “more confident” than he was 12 months ago about Chrysler’s future prospects.

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