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Inventory Traffic Jam Hits Chrysler
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Total USA sales fell 35% from a year earlier in the last quarter of 2008. At Chrysler the fall was steeper, at 46%, according to Autodata Corporation. On average vehicles sold in December had been on the dealer lots 92 days before being sold, up from 59 days in 2007, according to J.D. Power & Associates. Chrysler vehicles were on the dealer lots for 142 days before being sold, the most for any automaker, up from 70 days in 2007. And AutoNation Inc, estimates that 3.2 million vehicles sit on dealer lots around the country. At the current pace of sales this would last 4 months. AutoNation's CEO Mike Jackson said that he is cutting vehicle orders by half.
The new Chrysler that is emerging from bankruptcy with government help under Fiat's Marchionne.
11/10/2006
Marchionne has kept many of the managers from the previous Chrysler. Jim Press is deputy CEO and adviser. He came from Toyota. Everything else will change. He is flattening the organization structure to improve communication and speed. Smaller car lineup will replace the prior lineup, and Fiat's engine technology will provide help for fuel efficient cars.
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Fiat, in Deal With Union, Will Buy Rest of Chrysler
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Worker Reaction to Chrysler bankruptcy
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Bankruptcy reality sets in for Chrysler, workers
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Chrysler reborn under alliance with Fiat
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Impact:: Bankruptcy Announcement
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Chrysler tried in vain to sell parts to Chinese, form partnerships
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Fiat-Chrysler performance
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Last Car Plant Brings Detroit Hope and Cash
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Fiat to Expand Production at China Venture
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Chrysler Posts $172 Million Loss Amid Sluggish Sales
Wall Street Journal 08/09/2010
Fiat, in Deal With Union, Will Buy Rest of Chrysler
New York Times 01/01/2014
Fiat's Chrysler Trick Is No Panacea
Wall Street Journal 01/03/2014
Fiat's Move Risks Sticker Shock
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Chrysler performance- 2009-2014
01/12/2009
Grouped Articles
Last Car Plant Brings Detroit Hope and Cash
New York Times 07/15/2013
Chrysler Posts $172 Million Loss Amid Sluggish Sales
Wall Street Journal 08/09/2010
Chrysler Reports a Loss On Acquisition Charges
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Robust Sales of Jeeps and Rams Lead Big Increase for Chrysler
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Truck Sales Help Profit Rise 32% at Chrysler
New York Times 11/05/2014
Wall Street Journal 07/27/2011
The future for auto sales in the American market after the 2009 auto crisis.
01/12/2009
Differing views on the prospects for the auto industry looking forward, and what will determine success. The situation in the auto industry before the government led bailout and the planned bankruptcies of GM and Chrysler.
Grouped Articles
Chrysler Posts $172 Million Loss Amid Sluggish Sales
Wall Street Journal 08/09/2010
Chrysler’s Fall May Help Administration Reshape G.M.
New York Times 05/03/2009
U.S. Auto Sales Surge in December
Wall Street Journal 01/06/2015
Wall Street Journal 07/30/2009
Car Sales Are Stuck in Slow Lane
Wall Street Journal 06/29/2010
Car Makers Help Drive Economic Recovery
Wall Street Journal 07/27/2011
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