May 22, 2013 8:21 PM
On May 22, 2013, Tesla, a California-based EV manufacturer, said it
has repaid a DoE loan adding: “Tesla will be the only
American car company to have fully repaid the government.”
The information is unmistakably incorrect. It’s pretty
well-known that almost exactly two years ago – May
24, 2011 – Chrysler Group LLC repaid (in full and with
interest) U.S. and Canadian government loans more than six years
ahead of schedule.
Question: short memory or short-circuit?
Featured Video Posts
No Stopping This Sales Streak
March 1, 2013 10:07 AM
Chrysler Group sales chief Reid Bigland has called it the “ironman” streak — 34 straight months of sales gains.
But despite last month’s cautious words from Chrysler Group CEO Sergio Marchionne during a 2012 earnings call, the company’s February U.S. sales remained strong and increased over 2012 February sales, pushing the streak to 35. The final tally for the month was 139,015 cars, trucks, SUVs and other vehicles sold, for a 4% increase.
The Dodge brand proved its mettle in the face of those obstacles to be the driving force for continuing the...
'The Enterprise We Are Crafting is Not Yet Complete'
January 30, 2013 12:55 PM
CEO Sergio Marchionne has continually set a humble, nose-to-the-grindstone tone for the entire company since the Chrysler-FIAT venture began a few years ago.
Neither he nor the company have wavered from that tone, despite the recent bottom-line success the company has had, including the latest announcement of our 2012 financials.
"It's been an exceptional year," Marchionne said during a webcast this morning about our 2012 preliminary financial results. "We're looking at 2013 with the same level of confidence."
You can see PRNewswire for Chrysler Group 2012 preliminary financial results, but the bottom-line detail is that we had...
Response to Fox News Story Regarding Jefferson North Assembly Workers
December 10, 2012 2:58 PM
We’ve seen a fair bit of social media discussion regarding the return to work of 13 Chrysler Group LLC employees who were dismissed from their jobs at the Jefferson North Assembly Plant in Detroit. We took that action after a September 2010 local news report exposed the workers’ off-duty conduct.
The workers followed the grievance procedure process outlined in the Collective Bargaining Agreement between Chrysler and the United Auto Workers. The Company denied all of the grievances, leading us to arbitrate the matter. After more than two years, an arbitrator decided in the workers’ favor, citing insufficient conclusive evidence...
Open Road: 2013 Chrysler Employee Calendar
December 7, 2012 1:15 PM
Smiling faces as employees come into work?! That may be a rare sight at some corporations, but not at Chrysler Group, and especially not on what’s come to be known informally as “Calendar Day.”
On December 5, employees entering the Auburn Hills Complex were handed the first Chrysler Group employee calendar illustrated with 24 winning images shot by their co-workers from around the world. To keep things fair, an outside judge, Nancy Watson Barr, the Detroit Institute of Arts’ Associate Curator, selected the winners from the several hundred entries submitted during a contest held in the fall....