About 130 to 140 Chrysler Group dealers have not been approved for permanent floorplan financing because of lingering issues with Chrysler Financial, Peter Grady, the automaker's vice president of network development and fleet, said today.
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GM Europe head Carl-Peter Forster expects massive cuts at Opel after GM decided to hold on to its European unit, he was quoted saying in a German newspaper. "We had negotiated a good restructuring plan which was ready and on the table," Forster said.
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The new Ram truck brand, which will operate separately from Dodge cars, might expand into the heavy-truck, 18-wheel segment, said Ram CEO Fred Diaz. The brand will add Fiat vans to its lineup.
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Fiat/Chrysler CEO Sergio Marchionne has said that Chrysler is strengthening its cash position and that analysts underestimate the firm's financial resilience following cost-cutting.
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In today's News Brake: Toyota puts the brakes on its Formula One program, GM says it will keep Opel, and the latest news from the SEMA show . . . But Wait, There's More!
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Chrysler will more closely align its engineering organization to Fiat Group to take advantage of common architectures, systems and components, said Scott Kunselman, senior vice president of Chrysler Group engineering.
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Chrysler Group will launch Fiat-designed diesel engines and dual-clutch transmissions in its North American products, Chrysler said today.
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Chrysler Group said on Wednesday it would refresh its Dodge car line, adding new fuel-efficient small and mid-sized models, as the automaker seeks to appeal to a broader range of customers.
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For the fourth quarter of 2010, the Dodge car brand is planning a seven-passenger crossover. Dodge also plans updates next year for the Avenger sedan, Journey crossover, Caravan minivan and Charger muscle car.
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Chrysler Groupand#8217;s efforts toward quick improvements in quality include adding 200 engineers to its quality division, said Doug Betts, Chryslerand#8217;s quality chief.
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A crew of auto industry veterans and financial executives will replace six of Lear Corp.'
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Contrary to what some might think, Chrysler Group is not burning cash and has improved its cash position since the Italian automaker Fiat S.p.A. took the company over in June, CEO Sergio Marchionne said this morning.
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Contrary to what some might think, Chrysler Group is not burning cash and has improved its cash position since the Italian automaker Fiat S.p.A. took the company over in June, CEO Sergio Marchionne said this morning.
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Designers envision what young drivers will want from their cars in the year 2030.

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There's a simple way to get Americans to drive fuel-efficient cars, but they are not going to like it -- sharply hike the gasoline tax.
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here's a simple way to get Americans to drive fuel-efficient cars, according to auto executives, but they are not going to like it -- sharply hike the gas tax.
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Chrysler's turnaround plan, being announced today, needs to show long-term product development and financial stability for the largest U.S. auto dealership group to even consider adding franchises, AutoNation Inc. CEO Mike Jackson said.
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Chrysler Group's top priority is to create a compelling brand and product offering, Chairman Bob Kidder said during Chrysler's five-year plan presentation today.
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Foreign brands are losing market share in Japan, but as a group they still outclass the far larger local automakers when it comes to customers' satisfaction with the service they receive at dealerships.
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With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up