Chrysler's fin-tailed line of autos last week took top honors in all four price classes of the 1957 Mobilgas Economy Run, making the company^ first in the competition's history to sweep the field.At the end of the four-day, 1,568-mile course from Los Angeles to Sun Valley the trophy-for the best gas mileage among 23 competing cars went to Chrysler's Imperial Crown, which averaged 64.5153 ton-miles per gallon, computed by multiplying the car's weight by mileage, dividing by gas consumed. Driver of the winning car:Mel Alsbury Jr., 27, of Hollywood, who piloted a Chrysler Imperial Southampton to victory last year.Alsbury was followed by his brother George, 20, who drove a Chrysler Saratoga to second place in the fun and first place in the upper medium-price class, with an average of 56.7267 t.m.p.g.
Ford, GM, Chrysler to update Midwest factories, add jobs Growing again after years of downsizing, General Motors and Chrysler announced more plans Thursday to renovate plants and restore Rust Belt jobs to build a new generation of cars. And Ford Motor earlier this week announced plans for investment and new jobs at four plants in […]
For many years, Ford Motor Co.
General Motors’ foreshortened bankruptcy, which was finished with the emergence last week of a “new” GM, owes a thank you to the Chrysler Group for blazing a short, quick path through the courts. Now GM’s recovery will rest on its ability to hold onto customers or win over new ones.
A U.S. federal judge in the GM bankruptcy case late Sunday approved the sale of the troubled automaker’s assets to a "new GM," court documents showed. Judge Robert Gerber, in giving his approval, said it “is the only available means to preserve the continuation of GM’s business.” Lawyers wrapped up their closing arguments in the bankruptcy case Thursday, giving Gerber the long holiday weekend to make his decision
The reorganized Chrysler Group LLC postponed the annual press preview of new cars at its proving ground near Chelsea, Mich. all part of the production stoppage while the company waited out bankruptcy proceedings
GM stock has been delisted, dumped from the Dow, and is pretty much worthless. But with government backing, as they say, even pigs can fly. Indeed, just days after filing for bankruptcy, General Motors Corp
The clock is ticking for Ray O’Bryhim: he has less than a week to sell his last 40 cars. His ads for Pohanka Chrysler-Dodge scream, “Everything must go, regardless of profit!” On June 9, his franchise to sell new Chryslers and Dodges will be terminated, along with those of almost 800 other Chrysler/Dodge/Jeep dealers nationwide
Chrysler and General Motors announced this week that they would shrink their dealer base in the U.S.
The health care of thousands of retired auto workers is about to change: On Friday the membership of the United Auto Workers overwhelmingly approved a restructuring plan with GM, according to UAW president Ron Gettelfinger. The plan gives the union’s health care vehicle some promissory notes plus a 17.5% stake in GM and warrants to purchase another 2.5%. Assuming the deals survive bankruptcy court, and experts expect it will, the change marks a new direction in health care for GM retirees, and now puts them in much the same camp as Chrysler retirees.