Marchionne Has No Issue With Seeking Loans
While GM has decided not to pursue Federal Low Interest Loans, Marchionne said Chrysler will still pursue 3.5 Million in loans. In a statement Marchionne said “I have neither the arrogance or the cash to show any disdain toward the DOE process. It would be wiser to Chrysler to continue to try to secure that funding.”
Marchionne…Always the straight shooter.
Chrysler Q4 Results Come Out Today
Chrysler will be releasing it’s Q4 results today. Investment banks and potential shareholders will expect to see a positive net income even after paying interest on government loans. So expectations are high. Chrysler has recently released a slew of new or refreshed vehicles so that should be taken into consideration. Chrysler has seen operating profits increase substantially over the last quarter.
Chrysler CEO Makes Time For Smallest Issues
According to the Wall Street Journal Chryslers new CEO sweats the details. Apparently Marchionne learning about a possible defect in the Dodge Charger door handle, stayed on engineers until the issue was fixed. He personally monitored the issue, receiving email updates every couple hours until the issue was fixed.
Helfman Cars 