Chrysler

Statement by David Friedman, Union of Concerned Scientists

WASHINGTON (May 7, 2008) - Chrysler announced yesterday that it will cover gasoline costs above $2.99 a gallon for customers who buy or lease a new vehicle from the company. The offer is limited to the first three years customers use their cars and covers up to 12,000 miles per year.

According the Union of Concerned Scientists (UCS), Chrysler is trying to fool consumers into overlooking its vehicles' poor fuel economy and environmental performance. The savings the Chrysler program offers, the organization says, don't measure up to the savings one would get from purchasing a fuel-efficient vehicle.

Below is a statement by David Friedman, research director for UCS's Clean Vehicles Program:    » read more »

Former Chrysler CEO cites Richardson's leadership, management experience as primary factors behind endorsement

11/01/2007 -- SANTA FE, NM-- New Mexico Governor and Democratic Presidential candidate Bill Richardson today was endorsed by former Chrysler CEO Lee Iacocca. Iacocca also appears in a new online ad on behalf of Governor Richardson's candidacy.    » read more »

1,000 Auto Workers in Belvidere Suffering Job Cuts today, Workers in MI and OH Also Affected

November 1, 2007 -- WASHINGTON, DC – Today, Senators Barack Obama (D-IL) and Dick Durbin (D-IL) called on Department of Labor (DOL) Secretary Elaine Chao to immediately allow the 1,000 Chrysler workers who today lost their jobs in the Belvidere, IL plant to access the full range of DOL programs and services that are available to them.    » read more »

10 October 2007 -- Unionized workers have gone on strike at some Chrysler plants in the United States, after negotiators failed to agree on a new contract before a union-imposed deadline.

Some plants continued working after the deadline Wednesday, but workers set up picket lines outside several Chrysler factories in Michigan.

Last month, union employees staged a two-day strike at the largest U.S. automaker, General Motors. The contract agreement the union reached with G.M. was to be used as a template for contracts with Chrysler and Ford.    » read more »

Detroit Three Holds Rally in Chicago to Protest Proposed Fuel Economy Bill; Second Rally Slated for August 22

August 16, 2007 -- U.S. automakers will host a rally today in Chicago to protest a proposed federal fuel economy standard. Sponsored by General Motors, Ford, and Chrysler, the rally is part of an industry campaign to pressure a panel of U.S. lawmakers tasked with resolving differences between Senate and House energy bills to weaken the standard. The automakers plan another rally in St. Louis on August 22.    » read more »

NRDC Statement on Expansion of Climate Action Partnership

Washington, DC (June 27, 2007) – The United States Climate Action Partnership (USCAP) announced today that Ford Motor Company and the Chrysler Group joined the landmark coalition. The Natural Resources Defense Council (NRDC) is a founding member of the group, which now includes 29 of the world’s largest companies and environmental organizations calling for concrete legal limits on global warming pollution.

Frances Beinecke, president of NRDC, issued the following statement on this latest expansion of the USCAP:    » read more »

June 13, 2007 -- KENOSHA – Wisconsin Governor Jim Doyle today announced a $16.8 million incentives package to assist the Chrysler Group in retooling their Kenosha Engine plant and secure their presence in Wisconsin. The $16.8 million package, a joint offering from the City of Kenosha, Kenosha County, American Transmission Company (ATC), WE Energies and the State, attracted Chrysler’s investment of $450 million in the Kenosha plant to prepare for the launch of a new family of fuel-efficient V-6 engines.    » read more »

15 May 2007 -- A day after Germany's Daimler sold its U.S. Chrysler division to a private equity firm in New York, there are doubts whether the U.S.-based company can return to profitability.

The end of the transatlantic marriage carries a big price tag for Stuttgart-based Daimler. It paid $36 billion for Chrysler in 1998. This week it sold 80 percent of Chrysler to Cerberus Capital Management for $7 billion.    » read more »

May 14, 2007 -- WASHINGTON, DC -- Delaware's Congressional Delegation, Senators Joe Biden (D-DE) and Tom Carper (D-DE) and Congressman Mike Castle (R-DE) today issued the following statement after DaimlerChrysler announced that it plans to sell controlling interest in Chrysler to a private equity firm, Cerberus Capital Management, LP.    » read more »

May 14, 2007 -- JEFFERSON CITY– Missouri Governor Matt Blunt today issued the following statement on the purchase of Chrysler by Cerberus Capital Management:

“I spoke this afternoon with Frank Fountain the Senior Vice President for DaimlerChrysler who assured me that notwithstanding this announcement all investments in Missouri will continue.

"My primary concern has been, is and will be the stability of these important Missouri jobs.

"I look forward to working with the new management company to support our workers.”

Source: Missouri Governor

May 14, 2007 -- LANSING - Michigan Governor Jennifer M. Granholm today issued the following statement on the purchase of the Chrysler Group by Cerberus Capital Management LP:

"Today's announcement by DaimlerChrysler AG that it will sell the Chrysler Group to Cerberus is a solid announcement for the state of Michigan and Michigan workers.

"Chrysler's $1.78 billion investment in facilities in Trenton, Marysville, Sterling Heights and Warren is going forward as announced, and that means jobs for Michigan workers.    » read more »

Affiliate of Cerberus to acquire 80.1% equity interest in new company Chrysler Holding LLC; DaimlerChrysler AG to retain 19.9%; Obligations for pensions and healthcare costs to be retained by Chrysler companies

STUTTGART, Germany, May 14 -- The Board of Management of DaimlerChrysler AG (stock-exchange abbreviation DCX) has today decided, subject to the approval of the Supervisory Board and the relevant authorities, on the future concept for the Chrysler Group and the realignment of DaimlerChrysler AG.    » read more »