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The re-badged Lotus toy Chrysler plans to bring to the Detroit Auto Show this weekend is called the Dodge Circuit EV. Whether it'll get a red bandanna tied around a side mirror is anyone's guess. Chrysler's legal team has "leaked" the name of the restyled Dodge EV coming to Detroit by way of the US Patent and Trademark Office. It's the Dodge Circuit. The electric vehicle is a re-badged Lotus toy they let certain journalists drive a few months back to show the world they're a real, live automaker with real, live electric vehicles. We've seen pictures of the car and have some in our possession, but we've graciously decided at this time not to run them. We've even been kind enough to snatch up two domain names to make sure poachers don't get their filthy hands on them — dodgecircuit.com and dodgecircuitev.com. We look at it as a community service initiative — we just want to do our part since we now partially own Chrysler via our tax...
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Chrysler sales for December, 2008 were down 53% compared with December, 2007. Although pickup sales were up 10%, the automaker finished the month with 397,659 units on hand, a 115-day supply of inventory. Chrysler LLC Reports December 2008 U.S. Sales - All Jeep(R) brand vehicles achieved sales growth over November 2008 - Chrysler Town and Country sales increased nine percent and Dodge Grand Caravan sales grew 14 percent compared to November 2008 - Dodge Ram light duty pickup sales rose ten percent versus November 2008 AUBURN HILLS, Mich., Jan. 5 /PRNewswire/ — Chrysler LLC today reported total December 2008 U.S. sales of 89,813 units, up five percent versus November 2008 (85,260 units), and down 53 percent from the same month in 2007. For the year, Chrysler, Jeep(R) and Dodge U.S. sales decreased 30 percent (1,453,122 units) compared to total 2007 sales (2,076,650 units). Total sales were significantly affected by the industry's largest reductions in fleet sales, 63 percent for...
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newVideoPlayer("/85ChrysLeBaron-Ricardo_494.flv", 506, 423,""); What we really want to know here is: does "available leather-fitted cabin" mean the '85 LeBaron GTS has Soft Corinthian Leather ? Or did you actually get basketball leather?
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GM gets first $4 billion. Chrysler? Still waiting. [ CNNMoney ]
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Every weekday in 2008- except for Christmas Day- we saw another cool street-parked vehicle from the streets of Alameda, California. Now I'm going to share my personal favorite ten DOTS finds of the year. These are the cars and trucks that, for one reason or another, really made my day when I ran across them on the streets of Alameda. Some of them are on this list because they're rare and/or interesting (the "Whoa! What's that? " factor), while others made the cut simply because I yearn to own them. And, yes, the Fire Arrow falls into the latter category, because I'm sick like that. So here we go, my personal Alameda DOTS favorites for Ought-Eight: 1953 Citroën Traction-Avant Once I found the '75 Citroën GS 1220 , I figured there'd be no way in hell I'd ever find a cooler street-parked Citroën on the island. Then… this car! Not only is it a Traction-Avant, it's a really solid street-driven example with a custom vintage hood ornament. 1958 Mercedes...
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We love CNBC's Jim Cramer for taking on Cerberus yesterday, calling the private equity firm "the absolute worst" for buying up Chrysler. The best part? This t-shirt of Bob "The Builder" Nardelli. Epic. [via CNBC ]
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We love CNBC's Jim Cramer for taking on Cerberus yesterday, calling the private equity firm "the absolute worst" for buying up Chrysler. The best part? This t-shirt of Bob "The Builder" Nardelli. Epic. [via CNBC ]
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We love CNBC's Jim Cramer for taking on Cerberus yesterday, calling the private equity firm "the absolute worst" for buying up Chrysler. The best part? This t-shirt of Bob "The Builder" Nardelli. Epic. [via CNBC ]
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Bernstein analyst Jeffrey Lindsay thinks Google, Yahoo and Microsoft are the equivalent of GM, Ford and Chrysler of 60 years ago. Our quick response is "Umm. No." Basically, Bernstein analyst Jeffrey Lindsay thinks Google, Yahoo and Microsoft are the new GM, Ford and Chrysler because they parallel the auto industry. His argument is "Buick, Oldsmobile and Chevrolet were the high tech industry of the 1940s." He then claims they were "gobbled up to become GM" just ahead of when they needed more innovation rather than less. Lindsay then compares that to Yahoo and their ownership of Flickr, Del.icio.us and the rest — where each is buying up their competitors in expensive deals that limit their own spending on innovation. So basically, he's claiming GM avoided innovation heading into the gas-guzzling era of the 1950s and 1960s because they'd spent so much on buying up small companies. While we do believe they avoided innovation during those two decades...
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One of the conditions the government stipulated in agreeing to loan money for GM and Chrysler was both companies must eliminate their corporate jets. Sounds good until you know how important they really are. Corporate jets have somehow morphed into the symbol of executive decadence in the circus side show of politics and posturing surrounding the bailout of both AIG and the automakers. We guess we shouldn't be surprised given the deliciously salacious populist auto exec coverage of the Michigan mainstream media. This morning President Bush announced money would be made available from the leftovers of the TARP program under several stipulations (which ironically was set aside with no stipulations), one of which was the immediate canning of all corporate jets. If you're a politician pandering to your populist base, many never having been on a plane let along a corporate one, this is a political gold mine. You seem to be cutting through the corporate waste and fighting for the workers...
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Both GM and Chrysler hit the federal jackpot this morning, avoiding the wrath of the Carpocalypse for a little longer. We break down the numbers below the jump. 13,400,000,000: The amount of money to be handed out from the Troubled Asset Relief Program in the first installment. $4,000,000,000: The amount of the second installment of TARP funds, if needed. $9,000,000,000: The amount of "bridge financing" Ford would like to access from non-governmental sources. 500,000: The number of electric vehicles Chrysler intends to put on the road by 2013. 102: The number of days the companies have to turn around their companies so the loans are not called in. 24: The number of new vehicle releases Chrysler promises through 2012. 0: The number of private jets Chrysler and GM are going to be buying because of a requirement. Photo by Spencer Platt/Getty Image
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President Bush just announced emergency loans to GM and Chrysler. More details on the $17.4 billion in emergency loans from the Treasury's TARP program below. DJ reports the White House will give struggling U.S. auto makers $17.4 billion in emergency loans from the Treasury Department's Troubled Asset Relief Program, senior administration officials said. The funds will be distributed in two stages, the first totalling $13.4 billion. A second $4 billion tranche will be available in February, contingent on the release of the second half of the $700 billion TARP. An official said he expected General Motors (GM) and Chrysler to take advantage of the loans later Friday. Ford Motor (F) has said it doesn't need the emergency cash for now. Under the White House plan, the loans will be called on March 31 if the companies have not proven that they are viable. The terms and conditions of the deal mirror those in the bill that passed the House of Representatives last week. GM's press...
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The Carpocalypse continues with the White House now looking at what they're terming as an "orderly" bankruptcy of two of the not-so-Big Three. We guess that's better than a "disorderly" bankruptcy. [ NYT ]
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As expected, Chrysler and GM appear to be reviving merger talks. Oh joy. Guess we get to dust off that Chrysler-GM merger photoshop contest again, don't we? [ MSNBC ]
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As expected, Chrysler and GM appear to be reviving merger talks. Oh joy. Guess we get to dust off that Chrysler-GM merger photoshop contest again, don't we? [ MSNBC ]
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