Posts Tagged ‘minivan’



Over 26 years, multiple corporate owners and increased competition, the one constant at Chrysler has been the minivan.
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Chrysler LLC and General Motors Corp. secured court orders to remove their equipment from a Canadian parts supplier that went out of business, forcing the shutdown of two Chrysler plants in Canada.
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Chrysler in trouble?

Amidst heavy losses in sales reported this week by all 3 major domestic manufacturers in the United States, analyst warn Chrysler might be the one in the most trouble.

According to CEO Nardelli, Chrysler finished the year with some $9 billion in cash. Also reported by Nardelli, Chrysler lost about $1.6 billion in the same year. An analyst from JP Morgan estimates Chrysler will lose about $4.5 billion through regular operations in 2008, leaving it cash strapped for the second half of 2009.

As analysts suggest, Chrysler might be trying to liquidate it’s Jeep, Dodge or Minivan business, which the companies top brass has repeatedly denied.