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March 29, 2009 John T. Bozzella , Senior Vice President - External Affairs and Public Policy (Americas), Chrysler LLC, said today, "We applaud the Obama Administration for taking measures to stimulate auto sales, including excise and sales tax relief in the current stimulus bill, and support for fleet modernization legislation."
March 29, 2009 Today marks an important milestone for Chrysler LLC. We are encouraged by the commitments of the Administration, U.S. Treasury and President’s Auto Task Force to the American automobile industry and Chrysler’s viability, with a Fiat alliance. We are pleased that Chrysler, Fiat and Cerberus have reached agreement on a framework of a global alliance, supported by the U.S. Treasury.
Today, Chrysler LLC submitted its viability plan to U.S. Treasury Secretary Geithner in line with the government’s deadline. It gives detailed information on how we will achieve and sustain long-term viability. We believe our submission meets the terms of the federal loan demonstrating our viability as a stand-alone company, as well as the potential benefits of a strategic alliance.
December 30, 2008 Auburn Hills, Mich. - “We recognize the magnitude of the effort by the Treasury Department to complete these multiple financial arrangements quickly and sequentially.
December 4, 2008 During the initial Congressional hearings in November, the automotive industry was asked to study why bankruptcy was not a better alternative for restructuring, versus the working capital bridge loans requested. In response, Chrysler LLC engaged outside advisors, including Jones Day, in order to provide a comprehensive independent analysis of the various options available to the company. The results of this evaluation determined the impact to the overall domestic automotive industry would be devastating. This conclusion was confirmed by the Committee’s independent expert witness, the economist Dr. Mark Zandi, of Moody’s Economy.com, “Bankruptcy at this point in time, would be cataclysmic for the economy.”
December 4, 2008 Chrysler LLC today released figures revealing that the direct economic impact of the company’s operations in the U.S. exceeds $29 billion annually.
December 1, 2008 Chairman and CEO Robert Nardelli looks forward to testifying before the committees later this week. Chrysler will urge the immediate adoption of legislation that will allow domestic automakers to weather the current national economic crisis and continue to invest in industry-leading products, technologies and vehicles of the future. Full plan available as a pdf file.
November 19, 2008 Chrysler LLC appreciated the opportunity to appear before Congress the past two days and looks forward to reviewing its plan in detail, in the near future.
November 7, 2008 "We appreciate that Congress recognizes the significance of the domestic auto industry to the health of the overall economy. We will continue to urge Congress and the Bush Administration to immediately address the liquidity crisis facing the automotive industry due to the economic downturn and the lack of available financing for our dealers and customers."
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