Chrysler executive says fuels key to success
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Research and development in fuel alternatives for gasoline should be the auto industry's top priority, even in a weakened economy, and even if it means companies delay expanding or other expensive strategic decisions, the president of Chrysler LLC said on Tuesday.
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Chrysler Group is set to join its Detroit-based rivals in the breakdown lane of the nation's auto industry, just a year after it was racing past those competitors in most measures of success.
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John Snow, the chairman of the private equity firm that is buying Chrysler, said on Wednesday higher fuel economy standards threatens future of the domestic auto industry.
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But minor roadblocks won't stop the automaker's growth.
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The chief executive of DaimlerChrysler AG's  Chrysler Group said he wants to use new alliances to more than double sales outside North America, the Wall Street Journal reported on Friday.
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Chief executives of U.S.- based automakers were told by Democratic leaders on Wednesday that higher fuel economy standards were headed their way, but the industry hopes to avoid sharply higher mileage targets.
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The chief executive of DaimlerChrysler  (DCXGn.DE), Dieter Zetsche, said it would be difficult to break  up Chrysler, as analysts and other experts have speculated  recently, due to an integrated production system that binds  together its various brands, The New York Times said.
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The automaker is making a big, bold bet on fuel-cell technology.
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German carmaker Daimler (DAIGn.DE)  aims for higher growth and to be one of the world's most  profitable car manufacturers, its chief executive told workers  in a letter, Frankfurter Allgemeine Sonntagszeitung reported.
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Chrysler Group should end 2006 with a   higher market share than it held during the earlier months of   what has been a "difficult" year marked by declining sales and   market share, a senior executive said on Wednesday.
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The pace of activity around a possible  sale of DaimlerChrysler AG&#39;S (DCXGn.DE) Chrysler Group is  accelerating, after several potential buyers met with  management before presenting preliminary offers by the end of  the month, The Wall Street Journal reported.
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DaimlerChrysler AG's   U.S. head of product development said on Wednesday that the German-American carmaker's Detroit and Stuttgart-based units plan to share more components and platforms -- and one day could be building their vehicles in common plants.
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Chrysler has a backlog of gasguzzlers while consumers want fuel-efficient vehicles, and plant closings and job cuts are rumored to be in the works.
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By TOM KRISHER DETROIT - With higher government fuel economy requirements looming and gas costing about $3 per gallon, Chrysler Group on Thursday announced new measures to boost mileage for its cars and trucks.
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Chrysler LLC has a "realistic" business plan in place and "hopes to avoid" future buyouts or other downsizing due to U.S. economic woes, the company's president said on Tuesday.
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The Auburn Hills-based Chrysler Group did something crosstown rivals General Motors Corp. and Ford Motor Co. could not do during the third quarter of the year: It made money selling cars and trucks.
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Chrysler LLC on Friday called recent  media reports about its financial picture inaccurate, saying  the auto maker is exceeding most financial targets heading into  2008.