Welfare Chrysler

Chapman, Stephen
August 1979
New Republic;8/4/79-8/11/79, Vol. 181 Issue 5/6, p19
Comments on the problems facing automobile manufacturer, Chrysler. Financial loss incurred by the American company; Decline in the company's share of the domestic car market; Departure of chairman Lynn Townsend; Magnitude of Chrysler's operating losses and car-design spending program; Chrysler's call on the Department of Transportation to lower the fuel economy standards; Lockheed-style federal loan guarantee suggested by Chrysler; Senators Donald Riegle and Thomas Eagleton's concern about the jobs their states would lose if Chrysler folds.


Related Articles

  • Incentives darken Chrysler's outlook. Connelly, Mary // Automotive News;7/28/2003, Vol. 77 Issue 6050, p8 

    General Motors' pricing war in the U.S., is taking a toll on the Chrysler group. The Chrysler Group spent 28.7 percent of its net $13.6 billion in revenue on marketing and incentives in the second quarter, up from 19.6 percent in the year-ago quarter. Last week, the Chrysler group reported a...

  • Chrysler's risk: Going upscale. Connelly, Mary // Automotive News;7/28/2003, Vol. 77 Issue 6050, p1 

    As the Chrysler Group continues to struggle, CEO Dieter Zetsche is sticking with a risky product strategy: Add content and sell more upscale vehicles. In the second quarter, the Chrysler Group posted operating losses of $1.1 billion, largely because of high incentives. For example, the 2004...

  • Just put up a 'For Sale' sign. Crain, Keith // Automotive News Europe;10/27/2008, Vol. 13 Issue 22, p0010 

    The author reflects on the losses of Chrysler in the automobile industry. The author mentions the effort of Cerberus Capital Management to find a company to acquire Chrysler. Combining Chrysler and GM might be one of the worst ideas that anyone has come up with in a long time. Too many dealers,...

  • Late News. Wernle, Bradford; Downer, Stephen // Automotive News;12/3/2007, Vol. 82 Issue 6284, p25 

    The article offers the automobile industry news briefs. General Motors Corp. said that it had started production of a hybrid version of the Saturn Vue crossover at its assembly plant in Ramos Arizpe, Mexico. According to a report published by a newspaper in Halifax, Nova Scotia, Chrysler LLC...

  • Future cloudy, but '08 profit is the goal. Wernle, Bradford // Automotive News;2/19/2007, Vol. 81 Issue 6243, p42 

    The article reports that automobile company Chrysler Corp. will continue to show poor returns during 2007. Chrysler's CEO Tom LaSorda assumes that Chrysler will return to profitability by 2008. Chrysler expects to lose money again in 2007, after a heavy loss in 2006. But LaSorda is aiming for a...

  • UAW in tough spot as automakers seek concessions. Hicks, Mike // Indianapolis Business Journal;12/29/2008, Vol. 29 Issue 44, p23 

    The article reports on the plan of the General Motors (GM) Corp. and Chrysler Corp. to keep the two automakers in business until spring of 2009. The two companies need to make high-quality, energy-efficient and low-priced cars, in order to pay back significant debt. Many have argued that closure...

  • Chrysler: What Went Wrong? Fugazy, Danielle // Mergers & Acquisitions: The Dealermaker's Journal;Mar2009, Vol. 44 Issue 3, p56 

    The article discusses the outlook for automaker Chrysler and Cerberus Capital Management. The purchase of Chrysler by Cerberus was originally hailed as a good move, but the car company continues to flounder. According to the article, U.S. laws, international competition, and labor agreements...

  • Chrysler shutdown in July.  // Automotive Manufacturing Solutions;May/Jun2008, p09 

    The article reports on the decision of Chrysler to shut down its operations worldwide for two weeks in July 2008 as part of its attempts to cut costs and preserve cash. A total of $1.6 billion was lost by the company in 2007. The carmaker's restructuring process includes cutting vehicle lines...

  • OPPOSITE LOCK. Wilson, Kevin A. // AutoWeek;6/1/2009, Vol. 59 Issue 11, p15 

    The article analyzes the history of failures in the car industry with reference to the annual Ypsilanti Orphan Car Show which will be held in Ypsilanti, Michigan on June 7, 2009. It is reported that, the show celebrates vehicles whose makers have gone out of business in the U.S. market. It is...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics