autoevolution
 

What Bankruptcy? Chrysler's Sales Go in the Right Direction

Even though the company has filled for bankruptcy and is now planning to shed 789 dealers across the United States, Chrysler sees increasing sales in the home country, an executive of the American manufacturer was quoted as saying. Executive Vice President for Sales and Marketing Steven Landry said in an interview that Chrysler expects to perform better this month despite the bankruptcy filing announced on April 30.

According to Associated Press, early figures show the American automaker is projected to deliver between 60,000 and 70,000 cars in May, better than in April when the company sold a total of 61,600 units. Moreover, the company expects to get higher sales this month also from the struggling dealerships' point of view, as Chrysler plans to end contracts of about 789 dealers across the US.

“It’s respectable compared to where we had been,” Landry said. "The fact that we’re only five or so percentage points off of the industry, we can’t complain,” he added.

Additionally, Chrysler yesterday announced that Robert Kidder, former Chairman of Borden Chemical and of Duracell International, will be appointed chairman of the new Chrysler while Robert Nardelli, who already announced he'll leave the company once it exists bankruptcy, will return to Cerberus Capital Management LP as an advisor. Kidder is currently member of the board of several companies: Morgan Stanley, Schering-Plough and Microvi Biotech.

“I am pleased to join Chrysler at a time when Chrysler is poised to launch an exciting new era,” said Kidder in a statement for the press. "I am confident that Chrysler will emerge from Chapter 11 a lean and powerful competitor, combining its own rich history of innovation with Fiat's technology and expertise to invigorate the American car market and to challenge other car companies around the globe."
If you liked the article, please follow us:  Google News icon Google News Youtube Instagram X (Twitter)
About the author: Bogdan Popa
Bogdan Popa profile photo

Bogdan keeps an eye on how technology is taking over the car world. His long-term goals are buying an 18-wheeler because he needs more space for his kid’s toys, and convincing Google and Apple that Android Auto and CarPlay deserve at least as much attention as their phones.
Full profile

 

Would you like AUTOEVOLUTION to send you notifications?

You will only receive our top stories