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By Los Angeles Times | July 29, 1992
HIGHLAND PARK, Mich. -- Citing strong minivan sales and brisk demand for its new Jeep, Chrysler Corp. reported yesterday earnings of $178 million for the second quarter, far exceeding Wall Street's expectations.Chrysler's first profit in 15 months followed first-quarter profits by Ford Motor Co. and General Motors Corp. and signals a steady recovery by the industry after record losses in 1991.The earnings -- Chrysler's best in two years -- came to 54 cents a share, a sharp improvement over a loss of $212 million, or 95 cents a share, in the second quarter of 1991.
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BUSINESS
By Andrew Leckey and Andrew Leckey,Tribune Media Services | October 7, 2007
Now that Chrysler is no longer a part of the company, what is the situation for Daimler AG and its shares? - R.M., via the Internet The German automaker is giving the general impression that a house guest has finally left after an extended visit. Relieved to bid goodbye to all but 19.9 percent of money-losing Chrysler, Daimler has said it expects to return to double-digit operating margins by 2010 at the latest. Top boss Dieter Zetsche - known in the United States as the star of Chrysler's "Dr. Z" car commercials - said the new Daimler "starts on a very solid and healthy basis."
BUSINESS
By New York Times News Service | February 14, 2007
AUBURN HILLS, Mich. -- The Chrysler Group is set to announce a restructuring plan today aimed at securing its place in the crowded American car market - and within DaimlerChrysler AG. The plan is expected to include the elimination of about 11,000 blue- and white-collar jobs, along with the closing of one and possibly two assembly plants - in Delaware and Missouri - people with direct knowledge of the plan said this week. Chrysler may shut smaller plants elsewhere and announce other cost-cutting measures to meet its stated goal of reducing costs by about $1,000 a vehicle.
BUSINESS
By Los Angeles Times | October 30, 1991
DETROIT -- Mitsubishi Motors Corp. finally agreed to buy Chrysler Corp.'s half-interest in their joint U.S. carmaking venture for $100 million, ending months of prickly negotiations against a heavily political backdrop.The buyout was triggered by Chrysler's desperate need for cash, but it also enables Mitsubishi to portray itself as helping out a company known for Japan-bashing. And it gets Chrysler out of a politically awkward partnership.The two companies said yesterday that they would continue their other commercial arrangements.
BUSINESS
By New York Times News Service | April 5, 2007
BERLIN -- DaimlerChrysler AG insists it is keeping all options open for the future of the Chrysler Group. But judging by its tense annual meeting here yesterday, Daimler's marriage to Chrysler is already finished, except for the ink on the divorce papers. Trying to placate restive shareholders, DaimlerChrysler confirmed for the first time that it was in negotiations with a number of bidders about a deal for the troubled American unit, which lost $1.5 billion last year. "We are talking with some of the potential partners who have shown a clear interest," the chief executive, Dieter Zetsche, said.
BUSINESS
By New York Times News Service | August 18, 1992
DETROIT -- With only one of 152 banks still declining to sign a $6.8 billion loan agreement, Chrysler Corp. appeared to be very close yesterday to wrapping up the arrangement, which is crucial to its revitalization.An executive with the automaker, who spoke on condition of anonymity, declined to identify the lone holdout bank.In recent weeks, Chrysler solicited the help of Alan Greenspan, chairman of the Federal Reserve, to persuade German central bankers to use their influence on German banks that were holding out.All of the banks belong to a consortium that has been lending to Chrysler for about four years.
BUSINESS
By New York Times News Service | December 2, 1994
DETROIT -- Chrysler Corp. announced yesterday that it would increase its dividend, spend a billion dollars buying its own stock and weaken its anti-takeover plan, meeting almost all the demands of its largest investor, Kirk Kerkorian.The actions by Chrysler's board surprised many Wall Street auto analysts and investors, who did not expect a buyback so soon or such a large jump in the quarterly dividend -- 60 percent, to $1.60 a year.Mr. Kerkorian, who owns 32 million of Chrysler's shares, or about 9 percent of the total, was satisfied with the announcement, according to a spokesman.
BUSINESS
By THE DETROIT NEWS | July 4, 2006
DaimlerChrysler AG's Chrysler Group plans to thin its top management ranks by 15 percent within three years, with the bulk of the job cuts taking place this year, Chrysler Chief Executive Officer Thomas W. LaSorda said Sunday. Trimming the number of executives is part of an overall reorganization at DaimlerChrysler announced in January. DaimlerChrysler CEO Dieter Zetsche announced plans then to eliminate 6,000 positions to cut costs and streamline jobs across the German-based company's operations.
BUSINESS
By The Detroit News | November 7, 2006
DaimlerChrysler AG's Chrysler Group is so sure its redesigned Chrysler Sebring sedan can hold its own in the tough midsize sedan market that it will give $1,000 in cash to any shopper who trades in a Toyota Camry, Honda Accord, Nissan Altima or Ford Fusion for a 2007 Sebring. The offer is available through Nov. 30 to customers who are leasing the rival sedans, according to several Chrysler dealers. Chrysler is counting on the made-over Sebring to attract new buyers as the automaker tries to bolster sales and restore profits.
BUSINESS
By New York Times News Service | January 29, 1993
Chrysler Corp., in the midst of a financial recovery after three years of weak performance, reported its best results in four years yesterday, posting profits for 1992's fourth quarter and for the full year.The improvement stemmed from the recovering economy and the successful introduction in the last year of new models with hefty profit margins. Chrysler's restyled minivan has been well-received, as have the new Jeep Grand Cherokee sport utility vehicle and three midsize sedans, the Eagle Vision, Dodge Intrepid and Chrysler Concorde.
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