Chrysler hoping Fiat’s flair will help turnaround, long wait though

By Daily Maverick Legacy 8 December 2009

Beleaguered US car maker, Chrysler, is hoping its new Italian partner, Fiat, will inject some much-needed life into vehicle sales. But it will have to wait until 2012 and 2013 for promising new vehicles based on Fiat technology. Chrysler’s sales fell the most of any car manufacturer in November, down 26%. The company’s market share also slipped, from about 11% in the months before its mid-year bankruptcy filing, to about 8% thereafter. Now Chrysler has fired its ad agency, radically altered its branding and is offering big incentives to clear dealerships of backed-up inventory. But after receiving nearly $13 billion in federal aid, it’s still struggling with market perceptions over the quality, styling and fuel economy of its vehicles. The firm is heavily marketing its Jeep brand during prime-time TV and at sporting events. But it needs to pull something out of the bag long before the Italians get round to it. Read more: New York Times


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Stimulus Package

Ramaphosa steps up to economic realities with R50bn package

By Greg Nicolson

"Look for lessons about haunting when there are thousands of ghosts; when entire societies become haunted by terrible deeds that are systematically occurring and are simultaneously denied by every public organ of governance and communication." ~ Avery Gordon