Fleet Financials Top News

AUBURN HILLS, MI - Chrysler revealed its five-year business plan on Nov. 4, which included plans to introduce a test fleet of plug-in hybrid minivans and trucks in 2011 and possibly an all-electric vehicle in 2012.

Tags: Chrysler LLC , electric car, vehicle lineup

AUBURN HILLS, MI - Chrysler is offering fleet incentives on several 2010 Chrysler, Dodge, and Jeep brand vehicles ranging from $500-$3,500.

Tags: 2010-MY fleet incentives, Chrysler LLC , Dodge, Jeep

AUBURN HILLS, MI - Effective Sept. 17, Chrysler, Jeep, and Dodge will offer leasing options for all 2010 model-year vehicles in the U.S.

Tags: Chrysler Group LLC, Chrysler LLC , Dodge, Jeep

TORRANCE, CA - Automotive Fleet recently surveyed fleet professionals to discover their all-time favorite fleet directors.

Tags: Chrysler LLC , factory fleet director, fleet director, Ford, GM, managing director, OEM, survey

AUBURN HILLS, MI - In the Quarterly Report published by Hughes Telematics last week, the company announced it has stopped working with Chrysler to deploy telematics services by the end of 2009.

Tags: Chrysler LLC , contract, Hughes Telematics, partnership, termination

AUBURN HILLS, MI - Nissan and Chrysler made a joint decision Aug. 26 to end three OEM vehicle-supply projects announced last year.

Tags: Chrysler LLC , Nissan, partnership

DETROIT - Progress was reported compared to overall July 2008 figures, with Ford reporting an increase since same time last year.

Tags: Chrysler LLC , Ford, GM, July 2009 sales

In addition to the alliance with Fiat, Chrysler Group LLC names Sergio Marchionne as CEO.

Tags: alliance, Chrysler LLC , Fiat

DETROIT – Although the numbers were down compared from a year ago, overall sales improved for all three Detroit manufacturers since April, with General Motors delivering the most vehicles at a reported 191,875 total units.

Tags: Chrysler LLC , Ford, GM, May 2009 sales

AUBURN HILLS, MI – The U.S. Bankruptcy Court, Southern District of New York, has approved Chrysler LLC's request to sell all of its operations to Chrysler Group LLC, a new company formed in alliance with Fiat SpA.

Tags: Chrysler bankruptcy, Chrysler Group, Chrysler LLC , U.S. Bankruptcy Court

AUBURN HILLS, MI – Chrysler has submitted three proposals to the Department of Energy aimed at rapid vehicle electrification.

Tags: Chrysler LLC , Department of Energy, electric car, initiatives

AUBURN HILLS, MI – Under bankruptcy law, Chrysler can no longer provide former executives with vehicles — including past CEO Lee Iacocca, reported FOX Business.

Tags: bankruptcy law, Chapter 11 filing, Chrysler LLC , Lee Iacocca

WASHINGTON – President Obama's proposed standards cover model years 2012-2016 and ultimately require an average fuel economy standard of 35.5 mpg in 2016.

Tags: CAFE, Chrysler LLC , corporate average fuel economy, fuel economy standards, GM, Green, Top 50 Green Fleets

AUBURN HILLS, MI – Chrysler has decided to postpone the 2010-MY Fleet Customer Event, originally scheduled to take place June 1-5 in Ann Arbor, Mich., to a later date this year.

Tags: 2010-MY Fleet Customer Event, 2010-MY vehicles, Chrysler LLC , Fleet Preview

TORRANCE, CA –– Chrysler experienced the highest drop in fleet sales for the month of April when compared with figures from a year ago, while General Motors and Ford sales results were within the same range of one another.

Tags: April 2009 sales, Chrysler LLC , declining sales, Detroit Big 3, Ford, GM, sales report

Commercial fleet managers have expressed sourcing loyalty to Chrysler, but key concerns remain about unbuilt units, downsizing of the dealer network, and whether a lengthy bankruptcy proceeding will impact 2010 selector development.

Tags: Chapter 11 bankruptcy, Chapter 11 filing, Chrysler LLC , commercial fleets, fleet manager reaction, fleet selector, Vehicle Selector

BINGHAM FARMS, MI – Vincentric announced the winners of its 2009 Best Fleet Value in America awards, with strong fleet product lines from General Motors and Toyota each earning seven awards, and Ford with five winning vehicles.

Tags: 2009 Best Fleet Value in America awards, Chrysler LLC , fleet product lines, Ford, GM, Toyota, Vincentric, Volvo

TORRANCE – A survey of U.S. commercial fleet managers indicates they are taking a "wait and see" approach to the Obama Administration's recently announced "finite path forward" for troubled automakers General Motors and Chrysler.

Tags: auto industry, Chrysler LLC , feedback, fleet manager reaction, GM, Obama Administration, viability

DETROIT – GM and Chrysler outlined a combination of organization restructuring, product line overhaul, and cost-trimming measurements.

Tags: bailout, Chrysler LLC , GM, long-term viability, Restructuring Plan, U.S. Treasury

DETROIT – Effective through March 31, Chrysler is offering an Employee Pricing Plus incentive program on several Jeep, Chrysler, and Dodge models.

Tags: cash incentive, Chrysler LLC , Dodge, Employee Pricing Plus, Jeep

TURIN, ITALY – In a joint statement, Fiat, Chrysler, and Chrysler's majority shareholder Cerberus Capital Management L.P, said they have signed "a non-binding term sheet to establish a global strategic alliance."

Tags: Acquisition, Cerberus Capital Management L.P, Chrysler LLC , Fiat Group, merger

DETROIT – By idling plants, Chrysler and other automakers can cut costs on inventory, components, and related charges such as utilities for operating large production facilities.

Tags: Chrysler LLC , cost-cutting, plant shutdowns, sales declines

DETROIT – At the North American International Auto Show, Chrysler introduced several updated electric vehicle prototypes, at least one of which will be produced in 2010.

Tags: Chrysler LLC , electric car, EV, North American International Auto Show, production date

WASHINGTON – In an early morning televised announcement, President Bush announced a plan to offer the struggling automakers $17.4 billion in short-term financing, $13.4 immediately available and another $4 billion likely available in February. But the plan comes with strict conditions.

Tags: Auto Industry Bailout, Chrysler LLC , Federal Loans, GM, White House