The Wall Street Journal (Free subscription) | yesterday
GM and Chrysler offered a potential reprieve to some of their U.S. dealers earmarked for closure in a bid to head off proposed U.S. legislation that could force a review of the plans.
The Truth About Cars (Free subscription) | 11/24/2009
As congress nears the end of the 2009 legislative session, culled GM and Chrysler dealers are pushing hard for the rapid passage of the Automobile Dealer Economic Rights Restoration Act. Meanwhile, nearly two dozen members of the Senate Commerce Committee from both parties are calling on GM and Chrysler to resolve outstanding disputes with culled [...]
Autosavant (Free subscription) | 11/24/2009
And those dealers go a little crazy… By Brendan Moore 11.23.2009 In a move that has made some dealers howl with anger, General Motors has sent out direct mail pieces to customers of terminated dealers that offer discount certificates of as much as $2000 USD on a new GM vehicle. The letters were sent to almost a million retail [...]
Autoblog (Free subscription) | 11/23/2009
Filed under: Chrysler , Earnings/Financials Chrysler's dealers haven't yet entered the portion of the game wherein they can catch a break. As if the dearth of inventory and lack of new vehicles weren't enough, nearly 150 dealers haven't been able to finalize floorplan financing. Since Chrysler Financial has exited that business, GMAC stepped in, but...
Leftlane (Free subscription) | 11/20/2009
Chrysler purged a massive number of its North American showrooms earlier this year as part of a company-wide restructuring effort, and now up to 100 additional dealers might be forced to close their doors if they can’t reach financing deals with GMAC Financial Services. Chrysler is down to around 2,360 dealerships, about 1,500 of which sought [...]
Gasgoo.com (Free subscription) | 11/19/2009
Chrysler Group LLC may have to terminate as many as 145 more U.S. dealers unless the retailers can find lenders to finance their new-vehicle inventory. GMAC Inc.
The Truth About Cars (Free subscription) | 11/12/2009
“I don’t see anyone bleeding to death,” Sergio Marchionne told reporters and analysts a week ago, when asked what he thought of Chrysler’s current dealer body. He might be about to change his tune. The US Treasury will stop guaranteeing GMAC’s floorplan loans to Chrysler Group dealers on the 21st of this month, and the [...]
Detroit Free Press (Free subscription) | 11/12/2009
The National Automobile Dealers Association has intervened on behalf of more than 100 Chrysler, Jeep and Dodge dealers who could lose their credit through GMAC Financial Services later this month if the lender fails to resolve a standoff with Chrysler Financial.
Straightline (Free subscription) | 11/04/2009
The 2011 Fiat 500 will be sold through select Chrysler dealers, mainly in metro areas, by a dedicated staff within the dealership. Expect the sales process to be Scion-style with a huge list of accessories and no-haggle pricing. No word...
prsync (Free subscription) | 11/05/2009
Gmac press release - GMAC Statement on Financing of Chrysler Dealers, Customers
Denver Post (Free subscription) | 11/02/2009
Chrysler has been sending its dealers back to class, reminding them about the importance of courtesy and communication: Always return phone calls. Limit wait times. Open doors for customers.
Auto Channel (Free subscription) | 10/31/2009
Audiovox to Supply Chrysler Dealers with the First OE Release of the FLO TV(TM) Auto Entertainment SystemAudiovox will work through Mopar to Supply Chrysler Dealers with the First OE Release of the FLO TV(TM) Auto Entertainment SystemHAUPPAUGE, N.Y. and SAN DIEGO, Oct. 30 -- Audiovox Corporation , and FLO TV Incorporated, provider of the award-winning FLO TV(TM) live mobile...
PR News Wire (Free subscription) | 10/30/2009
HAUPPAUGE, N.Y. and SAN DIEGO, Oct. 30 /PRNewswire-FirstCall/ -- Audiovox Corporation (Nasdaq: VOXX), and FLO TV Incorporated, provider of the award-winning FLO TV(TM) live mobile TV service and a wholly owned subsidiary of Qualcomm Incorporated (Nasdaq: QCOM), today announced that Audiovox will begin supplying Chrysler Dealers through Mopar® with the first OE hardware interface that...
PrairiePundit (Free subscription) | 11/02/2009
Washington Times: Congressional overseers and many analysts are skeptical about the post-bailout prospects of success for General Motors Corp. and Chrysler Group LLC, and some say they will need to raise more cash as early as next year. Observers see little chance of another taxpayer bailout given the opposition to providing the automakers with $75 billion this spring and the administration's...
New York Times (Free subscription) | 11/04/2009
DETROIT — will introduce its five-year plan for revival on Wednesday, including a streamlined product lineup that it hopes will win back buyers. Fabrizio Costantini for The New York TimesShoppers look at a Mustang at a Ford dealership north of Detroit. Add to Portfolio Its job is getting tougher by the month. Chrysler said on Tuesday that its new-vehicle sales in the United States fell...
