On November 12, 2009
Chrysler: Recovery and Green Plans Still a Bit Murky
Chrysler can only go up from here. There is a dearth of new models in showrooms, and the existing product line is exciting very few customers. Sales were down 30 percent in October compared to the previous year, on total volume of 65,000 vehicles. Sales are up only if you compare October to the month immediately preceding it. The recent spotting of a 2011 300 test mule was hailed as “one of the first signs of life we’ve seen at Chrysler in a while,” by the Detroit News. To add insult to injury, the hometown papers are full of the financial woes of former Chrysler Group chairman Jim Press. He is being pursued by the IRS, and sued by a…
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