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Chrysler in crisis

By Liz Turner, in the US Motor Industry 02 March 2007 04:28 The trouble with Chrysler: the background In 1996 when Chrysler opened its $1.1bn headquarters in Auburn Hills, 30 miles north of Detroit, executives joked that if things didn’t work out, they could always sell it as a shopping mall. Following DaimlerChrysler’s annual press conference on 14 February, local realtors are, no doubt, sneaking in to take measurements. Chrysler Group announced a staggering operating loss of $1.5 billion for 2006, and in the subsequent question time, DaimlerChrysler’s CEO Dieter Zetsche said the company ‘will examine far-reaching strategic options with partners’.

Even better value for business from Lexus with new GS 300h

PREMIUM luxury manufacturer Lexus is adding to its GS range of mid-sized saloons by introducing the GS 300h to the range. Joining the established GS 450h in the range early next year, the GS 300h promises highly impressive CO2 emissions of 109g/km from its 2.5-litre full hybrid powertrain. That could deliver significant savings compared to its key premium market diesel and hybrid competitors, the GS 300h SE could represent an annual saving of up to £2,000 per year.

Hyundai incentive includes job loss insurance

During a focus group meeting in late November, Joel Ewanick, Hyundai Motor America's vice president of marketing, realized no matter how much cash Hyundai piled on the fenders, it probably wasn't going to get buyers into showrooms. Not when they were worried about losing their jobs. "The question for consumers right now is what is going to happen to their income in 2009," Ewanick told Automotive News.