Dodge Chrysler
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Dodge Chrysler
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Dieter Zetsche, the DaimlerChrysler chairman, was once called the merger champion. He shocked the auto industry last Wednesday when he declined to rule out selling Chrysler, the Auburn Hills-based unit. On that day, Zetsche announced 13,000 job cuts, including about 5,300 in Michigan. This situation poses a huge question about Chrysler's future. Is Daimler about to let go of Chrysler?
"Our thinking does not exclude any options. This means all options are on the table," Zetsche told reporters when asked about the possible selling of Chrysler. German media appeared delighted at the statement.
DaimlerChrysler shares increased by $5.33 or 8.3 percent to a total of $69.78. No further details could be given said Zetsche who spent five years running the Chrysler Group before becoming DaimlerChrysler's chief last year. In July, during the launch of his "Dr. Z" ads Zetsche said that the two companies should not have merged in 1998. "The merger is not an issue going forward anymore," he added.
In 2006, Chrysler reported profits and gaining a larger slice in the American market share. However, the company has to deal with growing inventories and a slump in vehicle demand. Along with the announcement of its restructure plan last Wednesday, the company also posted an operating loss amounting to $1.5 billion for 2006.
The turnaround plan, which was previously called Project X, is expected to alleviate Chrysler's ailing standing in the industry. It is supposed to allow the company to profit by the year 2008. Daimler's executives expect for a $4.5-billion improvement by 2009 to an operating profit of $3 billion. The said turnaround plan will cut the company's workforce by 16 percent including 11,000 hourly jobs and 2,000 salaried jobs. The cut in workforce will significantly affect metro Detroit.
Canada operations of the automaker will be slashing 2,000 jobs. However, special retirement programs and termination or buyout packages will only be offered to selected areas of Chrysler. The across-the-board packages offered by General Motors Corp. and the Ford Motor Co. in their respective restructuring plans will not be offered by Chrysler. "Hourly workers should learn the details within three or four weeks and salaried workers in the next business quarter," the company said.
The Warren Truck Plant, the Chrysler plant that produces Dodge Ram pickups, will lose a shift and about 1,000 workers. An assembly plant in Delaware will lose a shift and will be idled in 2009. A Cleveland parts distribution center will be closed this December. In addition, a shift will also be reduced at the St. Louis South Assembly plant. Chrysler said it hopes to reduce production capacity by 400,000.
Even before Wednesday, the tension is building up in Chrysler plants. "Something had to be done, obviously," said Matt Davidson, 49, of Clinton Township. He works at the Warren Truck facility. "All in all, we knew it had to happen. It wasn't a surprise." Carmen Walker, 39, of Sterling Heights, a first-shift floater on the assembly line at Warren Truck, said people cried when they were told. "It's sad 'cause it's all they know." Many automotive workers are on almost on the same plight. Those working on Volvo S60 parts could be on the same footing as those working on Dodge Ram auto parts.
The company also said it wants to reduce material costs by $1.5 billion over three years and explore the sale of support operations. The restructuring plan is expected to cost the company $1.3 billion. Reduced production, on the other hand, is expected to cost about $300 million.
But Ron Harbour of Harbour Consulting said Zetsche's comments does not necessarily mean Chrysler is for sale. "He has a duty to not only the board but all of the shareholders to make sure that as they make strategic decisions, that they've exhausted all options," he said. "Don't jump to the conclusion that... Chrysler is going to be sold."
Glady Reign is a 32 year old is a consultant for an automotive firm based in Detroit, Mi. she is a native of the motor city and grew up around cars hence her expertise in the automotive field. Please visit Volvo S60 parts for more information.
All-new 2008 Dodge Grand Caravan, Chrysler Town & Country Minivans Debut at the 2007 Detroit Auto Show
The all-new 2008 Dodge and Chrysler minivans have once again proven that they have what it takes to be the best vehicles to move people and cargo. The thirty-five new and improved features make the 2008 Dodge Grand Caravan and Chrysler Town & Country not only practical but have all the right ingredients that would ensure 100% driving and riding satisfaction.
According to George Murphy, Senior Vice President - Marketing, Chrysler Group, "The all-new 2008 Chrysler Town & Country and Dodge Grand Caravan spice up the minivan recipe by offering an all-new contemporary appearance, five different models, three distinct seating and storage systems, unmatched entertainment systems and the safety you expect and deserve. Add in three powertrain options, clever interior features and industry-leading functionality and you have a recipe that will be a favorite with any family."
The 2008 Dodge and Chrysler Minivans have so much to offer. Aside from the high quality Dodge parts that they are equipped with, they also have the all-new Swivel ‘n Go™ seating system that allows a 180 degrees swiveling of seats—perfect for passengers seated at the back particularly the second row that may want to face third row.
The all-new Swivel n’ Go includes a removable table, covered storage bins in the floor of the second row, uncover storage for the third row and a fold-in-the-floor third row extra seat. It also provides an industry-first integrated child booster seat in the second row and a minivan exclusive one-touch power folding third row 60/40 bench seat.
Safety is an integral part of the 2008 Dodge and Chrysler minivans. They are equipped with all-row supplemental side-curtain air bags, Electronics Stability Program (ESP) complete with traction control and brake assist, LATCH child seat anchor system and a patented, energy-absorbing steering column are among the standard safety features. And that’s not all! The 2008 Dodge and Chrysler minivans also include Innovations like an industry-first integrated child booster seat, ParkView(TM) rear back-up camera, a rearview interior conversation mirror, integrated child safety seat and ParkSense(R) rear back-up system also ensure peace of mind while traveling.
The 2008 Dodge Grand Caravan and Chrysler Town & Country minivans are to be manufactured at two of DaimlerChrysler big plants: the Windsor Assembly Plant in Windsor, Ontario Canada and the St. Louis South Assembly Plant in Fenton, Missouri.
The 2008 Dodge Grand Caravan and Chrysler Town & Country minivans are expected in US dealerships by fall of 2007.
About the Author
Corey Putton is a 28-year old bachelor from Pittsburgh, PA who has been around cars for the better part of his life. He now works online and writes all about his passion: cars. He is also a certified mechanic.
What is the sound that most Chrysler/Dodge cars make when slowing to stop, and shifting between P/D/R?
It is like a low whining noise and i know it is normal but what is it? What part in the transmission makes this noise? Is it the torque converter?
its just the noisy transmission in it. dont worry it
US probes Chrysler Dodge pedal problem
The US government is investigating a problem with some 2007 Chrysler Dodge Caliber vehicles after customers reported "sticking accelerator pedals," Chrysler said in a statement on Monday.
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